In today’s briefing:
- Ohayo Japan | Wall Street Brakes as Tariffs Hit
- India’s Power Surge: What Is Fueling the Demand Boom in 2025?
- #127 India Insight: Rupee Hits 3-Month High, Groww Eyes $6.5B Valuation, India Cuts Import Duties
- Japan Morning Connection: US Auto Tariffs Shaking Markets but Ex-Date May Lure Buyers Back in Japan
Ohayo Japan | Wall Street Brakes as Tariffs Hit
- Stocks fell as investors reacted to Trump’s new 25% tariffs on foreign automakers, set for April 2. General Motors dropped over 7%, Ford nearly 4%
- Hertz and Avis shares surged over 20% as investors anticipated higher fleet values due to new U.S. auto tariffs.
- TOWA unveiled a three-year plan targeting 71 billion yen in sales and 8 billion yen in operating profit by March 2028, driven by AI semiconductor demand in Asia
India’s Power Surge: What Is Fueling the Demand Boom in 2025?
- India’s electricity demand is witnessing a structural boom driven by rising temperatures, AC sales, urbanization, and smart tariff reforms, not just seasonal summer spikes.
- Cooling demand alone could drive one-third of peak load by 2030, stressing grids, accelerating coal use, and challenging India’s clean energy transition.
- The power story is no longer about generation alone, transmission, storage, smart meters, and efficient cooling are the real investment and policy frontiers to watch.
#127 India Insight: Rupee Hits 3-Month High, Groww Eyes $6.5B Valuation, India Cuts Import Duties
- The Indian rupee strengthens to a three-month high, erasing 2025 losses amid foreign inflows and RBI’s forex swap auction.
- Groww in talks to raise $200 million at a $6.5 billion valuation ahead of its IPO filing.
- India exempts import duties on 35 items for EV batteries and 28 for mobile phones to boost domestic production.
Japan Morning Connection: US Auto Tariffs Shaking Markets but Ex-Date May Lure Buyers Back in Japan
- Tech is off the menu for most as CoreWeave shakes AI sentiment further.
- Japanese autos largely priced in the tariff news yesterday, although big dividends up for grabs may see renewed interest.
- Japan set for another day of duck-and-cover with the rotation back towards domestic defensive set to continue.
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