Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Ohayo Japan | U.S. Stocks Surge and more

In today’s briefing:

  • Ohayo Japan | U.S. Stocks Surge
  • China & HK Strategy: Who Are the Victims of a US Recession?
  • Japan Morning Connection: Solid Tech Rebound Ahead of the NVDA Developers Conference This Week
  • [Blue Lotus China New Consumer Weekly, 11/52] Our First Read of Trumponomics
  • [Blue Lotus Non-US Internet Weekly, 11/52]: Chinese Internet Making Inroads Overseas


Ohayo Japan | U.S. Stocks Surge

By Mark Chadwick

  • U.S. stocks surged Friday, with the S&P 500 rising 2.1% to 5,638 and the Nasdaq climbing 2.6% — their best day in 2025
  • Sekisui House has entered a capital and business alliance with Tsuchiya Holdings, acquiring a 6.15% stake for hundreds of millions of yen
  • Toyota Tsusho will acquire US-based auto recycler Radius Recycling for ¥134.4bn.

China & HK Strategy: Who Are the Victims of a US Recession?

By Osbert Tang, CFA


Japan Morning Connection: Solid Tech Rebound Ahead of the NVDA Developers Conference This Week

By Andrew Jackson

  • Expect a strong follow through from Japan’s SPE despite a rare outperformance last week
  • Laggards such as TEL, Screen and Micronics may be targets.  
  • Many mainstay EU defence names surged to new highs; expect heavies and JSW upside

[Blue Lotus China New Consumer Weekly, 11/52] Our First Read of Trumponomics

By Eric Wen

  • The market reflects on Trump’s economic policy to find the rationale behind. Our issue with Steven Miran’s proposal of strong -tariff/weak-dollar is whether it will bring back manufacturing to USA; 
  • Child birth policy from the capital of Inner-Mongolia could boost consumption and cost the country only Rmb100bn a year; 
  • BYD launches 1,000 V super charge. Xiaomi and XPEV talking about overseas expansion. LI Auto guided C1Q25 sharply lower.

[Blue Lotus Non-US Internet Weekly, 11/52]: Chinese Internet Making Inroads Overseas

By Ying Pan

  • Competitors tried to leverage LLM to capture Baidu’s search market share;
  • JD.com is actively seeking new, post-subsidy growth drivers, the latest being Europe while Red Notes launched US expansion. Deliveroo ceded HK market to Meituan;
  • NetEase competitor announced major layoffs. Weibo disappointed in its C4Q24 earnings. Kingsoft has a winner game in pocket.

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