Ortus Advisors

Andrew Jackson

I have been trading Japanese equities since 2004, and have worked for a number of firms in Tokyo, HK and Singapore. For the last few years I have been primarily focused on developing a propietry long/short relative value sector neutral strategy for the TPX500, taking advantage of the sector depth and liquidity which only Japan has to offer in Asia.

Independent Insight Provider

Thematic (Sector/Industry)

<ul>
<li>Weak performance in the tech sector with dampened sentiment towards AI and semiconductor stocks. Microsoft's stock price fell after market pulling other large caps lower</li>
<li>US homebuilders were strong with Lennar +1.3%, Dr Horton +1%, after S&amp;P CoreLogic home prices topped expectations in a good read for 1911 Sumi Forestry and 1928 Sekisui House</li>
<li>TDK's strong 1Q OP beat estimates, driven by HDD and energy products. MLCC sales fell, which may negatively impact Taiyo Yuden, while Murata missed estimates.</li>
</ul>


Weak performance in the tech sector with dampened sentiment towards AI and semiconductor stocks. Microsoft's stock price fell after market pulling other large caps lower
US homebuilders were strong with Lennar +1.3%, Dr Horton +1%, after S&amp;P CoreLogic home prices topped expectations in a good read for 1911 Sumi Forestry and 1928 Sekisui House
TDK's strong 1Q OP beat estimates, driven by HDD and energy products. MLCC sales fell, which may negatively impact Taiyo Yuden, while Murata missed estimates.


Japan Morning Connection – 31 July 2024