Daily Brief Thematic (Sector/Industry): Ohayo Japan | What a Day; Nvidia +13% and more

• Stocks rallied on Wednesday as the Federal Reserve maintained interest rates, underscoring progress against inflation.
• Megacap tech stocks rebounded strongly, with Nvidia soaring 12.8% after rival AMD’s positive results boosted semiconductor sector optimism
• The Bank of Japan raised interest rates to 0.25% and announced a bond tapering plan, signaling confidence in economic recovery and addressing yen weakness

• The overall textiles sector especially in FY23 was dull and witnessed difficulties across the industry and especially on the exports side.
• However, the union budget 2024 has provided several positives for the textiles industry in general, especially on the MSMEs side. 
• If things go well, the sector is poised for a turnaround and can be the theme of the year.

• BHP bullish on copper, bearish on iron ore due to buying Filo with Lundeens
• FMG share price down nearly 40% with export volumes shrinking and rising costs in WA operations
• Iron ore prices break below $100/ton for the first time in a while, China steelmaker Jiangsu DeLong facing counterparty risk and property market struggles due to lack of demand and unfinished projects

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Nicotine alternatives like zins and nicotine gum are becoming increasingly popular
• Sales of these products have skyrocketed, leading to shortages
• The regulatory landscape around nicotine products is complex and constantly evolving

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• SEBI proposes measures to curb speculative trading in index derivatives, including rationalizing options strikes and increasing contract sizes.
• High retail losses in derivatives trading prompt SEBI’s intervention to enhance market stability and investor protection.
• SEBI’s actions emphasize cautious participation and regulatory oversight in the highly speculative derivatives market.

• Covid created unusual demand trends causing some companies to invest in the wrong areas
• Current consumer landscape is cautious with consumers spending less due to inflation and interest rates
• Market is cautious on consumer sector, presenting buying opportunities for quality companies

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Airtel repurposes 4G spectrum for advanced 5G, launching Standalone and Non-Standalone modes soon.
• HPCL aims to start LNG terminal in December, seeking long-term import deals and expansion.
• Vedanta’s demerger plan approved by creditors, creating six independent entities to manage debt.

• Meta and MSFT commented they are seeing benefits from their AI investments, pointing to increased capex positive for JP SPE names.
• Advantest upgrading its tester market outlook for both SoC and memory over a solid 1Q earnings print will be positive for 6871 Micronics ahead of numbers.
• Japan off the China export ban for now, however the US is unlikely to rollover and allow China unfettered access to cutting edge tech.

• Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.
• Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.
• US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.