In today’s briefing:
- Ohayo Japan | US Closed; EU Higher
- #24 India Insight: ONDC to Integrate Banks, Corporate Bond Value Decreased, Indiabulls Name Change
- [Blue Lotus Daily]:1211 HK/LI US /1810 HK/NIO US/XPEV US/MNSO US/981 HK/BEKE US/2150 HK
- China Property – Weekly New Home Sales Data Now Clearly “Less Negative” (To June 30, 2024)
- [Blue Lotus Daily-TMT Update]:BABA US/JD US/3690 HK/TCOM US/NTES US/700 HK/
Ohayo Japan | US Closed; EU Higher
- European stocks climbed amid key election developments and rising optimism about potential US interest-rate cuts
- Foreign investors drove Japanese stock market gains last week, capitalizing on a weakened yen and global interest in AI-related firms
- In the first half of 2024, domestic sales of electric vehicles in Japan plummeted by 39%
#24 India Insight: ONDC to Integrate Banks, Corporate Bond Value Decreased, Indiabulls Name Change
- ONDC to Integrate Banks and Fintechs to Expand Credit Services
- SEBI Reduces Corporate Bond Face Value to Boost Retail Participation
- Vedanta’s Q1 FY25 sees mixed results; aluminium and iron ore output rise
[Blue Lotus Daily]:1211 HK/LI US /1810 HK/NIO US/XPEV US/MNSO US/981 HK/BEKE US/2150 HK
- 1211 HK/LI US /1810 HK/NIO US/XPEV US: In the 26th week of 2024 (6/24-6/30), new energy vehicles strengthened across the board, mainly due to consumption subsidies（/////////）
- MNSO US: Indonesia Plans to Impose 100%-200% Tariffs on Chinese Imports (-)
- Macro News Update: Expectations Rise for Consumption Tax Reform (+)
China Property – Weekly New Home Sales Data Now Clearly “Less Negative” (To June 30, 2024)
- The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning ‘”less negative”.
- We highlight points from our Weekly New Home Sales Data Update Report, which looks at 16 major cities and the latest data for the week ending June 30.
- Certain weekly metrics on a small sample of cities serve as a good gauge for what to expect directionally in the national NBS data released later.
[Blue Lotus Daily-TMT Update]:BABA US/JD US/3690 HK/TCOM US/NTES US/700 HK/
- BABA US/JD US/3690 HK: Taobao adds one-hour delivery entrance to app homepage (+/-/-)
- BABA US: Alibaba upgrades enterprise-chat application “DingTalk” into an AI super-app (+)
- TCOM US :The average ticket price for domestic routes during the summer vacation period decreased by 12%, with a narrowing decline (+)
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