In today’s briefing:
- Ohayo Japan | US Stocks Rebound as Trump Hints at Tariff Flexibility
- [Blue Lotus China New Consumer Weekly, 12/52] Choice of the Less Evil Between Trumponomics’ Outcomes
Ohayo Japan | US Stocks Rebound as Trump Hints at Tariff Flexibility
- US stocks climbed Friday, with the S&P 500 rising 0.1%; index snapped four-week losing streak
- ITOCHU plans to increase its iron ore production to 40 million tons per year by FY2030, up 1.5 times current levels
- Nidec will boost production of water cooling equipment for AI data centers, investing ¥5 billion in a Thai plant.
[Blue Lotus China New Consumer Weekly, 12/52] Choice of the Less Evil Between Trumponomics’ Outcomes
- China’s economic data continued to be mixed. The on-again-off-again patter is here to stay. PBOC’s stated policy to follow the US means Trumponomics’s next read is critical to China, too;
- Whether it is positive or negative to our sector depends on whether the view is half full or half empty. Stimulus will increasingly become irrelevant;
- China EV posted strong numbers which cannot be explained by trade-in subsidy alone. Earning flash of Xiaomi, LI and Zeekr.
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