In today’s briefing:
- US Banks – Not Just Silicon Risk
- China TMT Update(Mar.10): 9926hk/XPEV/981.HK/1347.HK/ACMR: Xpeng to Unveils Facelift of P7 (+)
- Japan Weekly | BoJ Governor Kuroda Retires as Global Banking System Wobbles
US Banks – Not Just Silicon Risk
- US banks face more than just Silicon Valley risk, namely with net interest income
- Credit costs are also running substantially higher in January monthly data
- Bank loan data suggests a strong economy, not overly positive for rates
China TMT Update(Mar.10): 9926hk/XPEV/981.HK/1347.HK/ACMR: Xpeng to Unveils Facelift of P7 (+)
- 9926HK：Akeso and China’s 2nd largest pharmaceutical distributor signed collaborative R&D agreement（+）
- XPEV: Xpeng to officially unveils facelift of P7 on Friday (+)
- 981.HK/1347.HK/ACMR: Netherlands announces intention to ban only “state-of-the-art” ASML DUV tools (+/+/+)
Japan Weekly | BoJ Governor Kuroda Retires as Global Banking System Wobbles
- Risk-Off in global markets due to collapse of Silvergate Capital and Silicon Valley Bank
- Japanese stocks tumbled on Friday, but were still up for the week. BoJ Governor Kuroda has timed his exit to perfection.
- No major moves in our universe, but can Japanese stocks remain relatively uncorrelated with global risk, given strong balance sheets and desire to lift shareholder returns
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