Daily Brief Thematic (Sector/Industry): Yoon’s Impeachment a Lock and more

• Korea’s impeachment drama hit a tipping point, with the second motion against Yoon set for a vote on the 14th, and the market pricing in a 100% chance of approval.
• The market’s all-in on a Democratic Party win in May, as public sentiment against the president makes the ruling party’s chances virtually non-existent.
• Target stocks impacted by corporate law changes, then focus on sector-specific plays, particularly the energy policy shift and growing support for virtual assets.

• The Nasdaq Composite surpassed 20,000 points for the first time, gaining 1.77% to 20,034
• Japan’s government plans to propose corporate tax hikes starting April 2026 to fund increased defense spending, aiming to double its defense budget to 2% of GDP by 2027
• Coincheck Group, a subsidiary of Monex Group, has completed its listing on the Nasdaq Global Market under the ticker symbol “CNCK”

• The Indian textile industry is poised for robust growth due to  confluence of factors, including the “China+1” strategy, instability in competing markets like Bangladesh and Vietnam, and supportive government initiatives.
• This has led to India gaining market share in key export destinations, particularly in apparel exports to the US and the UK.
• Furthermore, Indian textile companies anticipate improved demand and margins, driven by factors like the end of the global inventory destocking cycle and the stabilization of cotton and yarn prices.

• China announces bolder stimulus for 2025, signaling more rate cuts and commodity prices surge
• Lundin Mining sells assets to focus on Vicuna project, raising questions on copper and zinc market dynamics
• Boliden acquires assets from Lundin, strengthening their position in the copper and zinc markets

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• A federal judge has blocked the largest supermarket merger in U.S. history, Kroger’s USD 24.6bn acquisition of Albertsons.
• U.S. District Judge Adrienne Nelson in Oregon issued a preliminary injunction, citing concerns the merger would reduce competition and harm consumers and workers.
• This decision refers the case to the Federal Trade Commission (FTC) for further review, significantly diminishing the deal’s chances of completion.