Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>US broke the Tech rout on Friday while the Trump/Zelensky spat points to higher EU defense spending.</li>
<li>ON Semi is reported to be making a play for Allegro signalling a potential liquidity event for Sanken.</li>
<li>JP SPE was heavily sold on Fri so expect a sharp rebound to start.</li>
</ul>


US broke the Tech rout on Friday while the Trump/Zelensky spat points to higher EU defense spending.
ON Semi is reported to be making a play for Allegro signalling a potential liquidity event for Sanken.
JP SPE was heavily sold on Fri so expect a sharp rebound to start.


Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>Is the OpenAI NVIDIA Artificial Intelligence driven bull market over?</li>
<li>The Japanese and Taiwanese stock markets are most at risk</li>
</ul>


A review of recent events/data impacting our investment themes or outlook
Is the OpenAI NVIDIA Artificial Intelligence driven bull market over?
The Japanese and Taiwanese stock markets are most at risk


Overview #17 – Buckle Up, We’re Not in Kansas Anymore!

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%</li>
<li>The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.</li>
<li>Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).</li>
</ul>


Japanese markets experienced significant pressure this week, with the Nikkei 225 falling 4.2% and the Topix declining 2%
The week was dominated by escalating global trade tensions as U.S. President Donald Trump announced multiple tariff initiatives.
Technology stocks bore the brunt of the selling pressure, particularly chip and AI-related companies including Disco (-19%), Tokyo Electron (-12%), and Advantest (-15%).


Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

<ul>
<li>NVDA started the day in the green but was sold aggressively off the open pulling everything lower.</li>
<li>Dell rebounded in later trading after strong numbers in a bright spot for sentiment.</li>
<li>Advantest taking a minority stake in Micronics a big positive and todays weakness may be the chance to buy.</li>
</ul>


NVDA started the day in the green but was sold aggressively off the open pulling everything lower.
Dell rebounded in later trading after strong numbers in a bright spot for sentiment.
Advantest taking a minority stake in Micronics a big positive and todays weakness may be the chance to buy.


Japan Morning Connection: Nvidia + Trump Tariff Worries Sparks Tech Swoon

<ul>
<li>Meta on a 20-day winning steak with humanoid robots into the mix.</li>
<li>Yakult's spike on Friday and subsequent drop may point to more upside given big shareholder returns.</li>
<li>Olympus facing a much harsher reality in China than management were initially suggesting.</li>
</ul>


Meta on a 20-day winning steak with humanoid robots into the mix.
Yakult's spike on Friday and subsequent drop may point to more upside given big shareholder returns.
Olympus facing a much harsher reality in China than management were initially suggesting.


Japan Morning Connection: AMAT Pricing in Friday Sets Soft Tone for JP SPE

Japan

ADVANTEST CORPORATION produces semiconductor testing devices and electronic measuring instruments.  The Company's products include large-scale integration (LSI) test systems, memory test systems, dynamic test handlers, network analyzers, electronic meters, optical testing devices, and signal sources.

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Advantest Corp (6857 JP)

Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Potential for increased EU defense spending post Trump/Zelensky spat, ON Semi eyeing Allegro for acquisition, expect sharp rebound for JP SPE.

Andrew Jackson

Overview #17 – Buckle Up, We’re Not in Kansas Anymore!

A review of recent events/data impacting our investment themes and outlook. We examine some implications of a peaking in the AI narrative-driven...

Rikki Malik

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

Japan Morning Connection: Nvidia + Trump Tariff Worries Sparks Tech Swoon

NVDA sold aggressively with concerns over earnings, Dell rebounded after strong numbers amidst general tech weakness, any weakness in Micronics a...

Andrew Jackson

Japan Morning Connection: AMAT Pricing in Friday Sets Soft Tone for JP SPE

Meta continues winning streak with announcment of AI humanoid robots, Yakult's might have room for upside, and Olympus faces a harsher reality in...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Japan Set to Rebound Led by Tech and Defence

Potential for increased EU defense spending post Trump/Zelensky spat, ON Semi eyeing Allegro for acquisition, expect sharp rebound for JP SPE.

Andrew Jackson

Overview #17 – Buckle Up, We’re Not in Kansas Anymore!

A review of recent events/data impacting our investment themes and outlook. We examine some implications of a peaking in the AI narrative-driven...

Rikki Malik

Japan Strategy Weekly | Tech Stocks Bore the Brunt of Selling

​Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Mark Chadwick

Japan Morning Connection: Nvidia + Trump Tariff Worries Sparks Tech Swoon

NVDA sold aggressively with concerns over earnings, Dell rebounded after strong numbers amidst general tech weakness, any weakness in Micronics a...

Andrew Jackson

Japan Morning Connection: AMAT Pricing in Friday Sets Soft Tone for JP SPE

​Meta continues winning streak with announcment of AI humanoid robots, Yakult's might have room for upside, and Olympus faces a harsher reality in...

Andrew Jackson

Japanese markets faced heavy selling pressure due to escalating global trade tensions, leading to significant declines in the Nikkei 225 and...

Meta continues winning streak with announcment of AI humanoid robots, Yakult's might have room for upside, and Olympus faces a harsher reality in...