Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>The S&amp;P 500 dropped 0.7% and the Nasdaq Composite declined 0.8%, both marking their worst week since April</li>
<li>Speculative short positions in the yen have dropped significantly following Japan's suspected yen-buying intervention</li>
<li>Effissimo Capital Management, an activist investment fund, acquired 6.03% of Teijin's shares</li>
</ul>


The S&amp;P 500 dropped 0.7% and the Nasdaq Composite declined 0.8%, both marking their worst week since April
Speculative short positions in the yen have dropped significantly following Japan's suspected yen-buying intervention
Effissimo Capital Management, an activist investment fund, acquired 6.03% of Teijin's shares


Ohayo Japan | Will the Rotation to Small Caps Continue?

<ul>
<li>The Nikkei lost over 1,000 points this week as political uncertainty impacted markets. </li>
<li>In terms of sectors, the semiconductor sector took the brunt of the selling in Japan. Disco, Advantest, Tokyo Electron, Screen, Lasertec and Ulvac were amongst the worst performers</li>
<li>Small cap stocks performed well in Tokyo. SanSan's share price rose 31% following a strong financial report and positive forward guidance.</li>
</ul>


The Nikkei lost over 1,000 points this week as political uncertainty impacted markets. 
In terms of sectors, the semiconductor sector took the brunt of the selling in Japan. Disco, Advantest, Tokyo Electron, Screen, Lasertec and Ulvac were amongst the worst performers
Small cap stocks performed well in Tokyo. SanSan's share price rose 31% following a strong financial report and positive forward guidance.


Japan Weekly | Political Uncertainty Drives Markets

<ul>
<li>Tech stocks continued their decline on Thursday, with the Nasdaq Composite falling over 0.7% following its worst day since 2022</li>
<li>Dalton Investments, a US activist fund, acquired a 5% stake in Ezaki Glico, becoming its fourth-largest shareholder.</li>
<li>TSMC reports that AI chip constraints will persist until 2025, despite exploring new packaging technologies</li>
</ul>


Tech stocks continued their decline on Thursday, with the Nasdaq Composite falling over 0.7% following its worst day since 2022
Dalton Investments, a US activist fund, acquired a 5% stake in Ezaki Glico, becoming its fourth-largest shareholder.
TSMC reports that AI chip constraints will persist until 2025, despite exploring new packaging technologies


<ul>
<li>The Nasdaq Composite plunged over 2.7%, its worst decline since December 2022, as tech stocks faced pressure from potential US export curbs on China and Trump's comments on Taiwan</li>
<li>A Boston Consulting Group study found that only 16% of Japanese employees and 31% of managers use generative AI at work, the lowest among major countries.</li>
<li>Hong Kong-based activist acquired a 5.09% stake in FANCL and aims to provide management advice amidst Kirin takeover</li>
</ul>


The Nasdaq Composite plunged over 2.7%, its worst decline since December 2022, as tech stocks faced pressure from potential US export curbs on China and Trump's comments on Taiwan
A Boston Consulting Group study found that only 16% of Japanese employees and 31% of managers use generative AI at work, the lowest among major countries.
Hong Kong-based activist acquired a 5.09% stake in FANCL and aims to provide management advice amidst Kirin takeover


<ul>
<li>The Dow Jones Industrial Average surged over 700 points on Tuesday, setting a new all-time closing high</li>
<li>Neste and Mitsubishi Corporation are forming a strategic partnership to develop renewable chemicals and plastics</li>
<li>Fujitsu announced a strategic partnership with Cohere Inc., focusing on developing advanced Japanese language models for enterprises</li>
</ul>


The Dow Jones Industrial Average surged over 700 points on Tuesday, setting a new all-time closing high
Neste and Mitsubishi Corporation are forming a strategic partnership to develop renewable chemicals and plastics
Fujitsu announced a strategic partnership with Cohere Inc., focusing on developing advanced Japanese language models for enterprises


Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Mark Chadwick
Japan Specialist

Ohayo Japan | Will the Rotation to Small Caps Continue?

Stock market indices as investors sell tech and rotate to small caps; yen short positions decrease after intervention; & activist fund buys stake...

Mark Chadwick

Japan Weekly | Political Uncertainty Drives Markets

Political uncertainty causes Nikkei to drop over 1,000 points, semiconductor sector hit hardest while small cap stocks like SanSan perform well in...

Mark Chadwick

Ohayo Japan | Dow Falls 500 Points

Tech stocks, including Nasdaq, fall; Dalton Investments buys stake in Ezaki Glico; TSMC predicts AI chip shortages until 2025.

Mark Chadwick

Ohayo Japan | Chip Stocks Chopped

Tech stocks on Nasdaq plummet due to US-China tensions, Japanese lag in AI adoption, activist investor enters FANCL amidst Kirin takeover.

Mark Chadwick

Ohayo Japan | Dow Surges...again

Stock market hits new high, companies like Neste, Mitsubishi, Fujitsu forming strategic partnerships for renewable chemicals, plastics, and...

Mark Chadwick

Ohayo Japan | Will the Rotation to Small Caps Continue?

​Stock market indices as investors sell tech and rotate to small caps; yen short positions decrease after intervention; & activist fund buys stake...

Mark Chadwick

Japan Weekly | Political Uncertainty Drives Markets

​Political uncertainty causes Nikkei to drop over 1,000 points, semiconductor sector hit hardest while small cap stocks like SanSan perform well in...

Mark Chadwick

Ohayo Japan | Dow Falls 500 Points

​Tech stocks, including Nasdaq, fall; Dalton Investments buys stake in Ezaki Glico; TSMC predicts AI chip shortages until 2025.

Mark Chadwick

Ohayo Japan | Chip Stocks Chopped

​Tech stocks on Nasdaq plummet due to US-China tensions, Japanese lag in AI adoption, activist investor enters FANCL amidst Kirin takeover.

Mark Chadwick

Ohayo Japan | Dow Surges...again

​Stock market hits new high, companies like Neste, Mitsubishi, Fujitsu forming strategic partnerships for renewable chemicals, plastics, and...

Mark Chadwick

Stock market indices as investors sell tech and rotate to small caps; yen short positions decrease after intervention; & activist fund buys stake...

Political uncertainty causes Nikkei to drop over 1,000 points, semiconductor sector hit hardest while small cap stocks like SanSan perform well in...

Tech stocks, including Nasdaq, fall; Dalton Investments buys stake in Ezaki Glico; TSMC predicts AI chip shortages until 2025.

Tech stocks on Nasdaq plummet due to US-China tensions, Japanese lag in AI adoption, activist investor enters FANCL amidst Kirin takeover.

Stock market hits new high, companies like Neste, Mitsubishi, Fujitsu forming strategic partnerships for renewable chemicals, plastics, and...