Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>TSMC higher on news from the day before it is investing heavily in US fab capacity.</li>
<li>Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.</li>
<li>All eyes on Trumps speech to congress this morning, although markets should be firm off the open.</li>
</ul>


TSMC higher on news from the day before it is investing heavily in US fab capacity.
Continental AG -11.6% after earnings miss sets a poor tone for JP tire makers Bridgestone, Toyo, Yokohama and Sumitomo.
All eyes on Trumps speech to congress this morning, although markets should be firm off the open.


Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

<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

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>Tech rebound into NVDA print, which came in slightly ahead of estimates. Server related up on SMCI gains.</li>
<li>Expect this to be enough to spark dip buying for Japan SPE plays such as TEL, Disco, as well as likes of Fujikura and MHI.</li>
<li>Hoya has bottomed in the last 2-days and looks primed for more upside after excessive weakness.</li>
</ul>


Tech rebound into NVDA print, which came in slightly ahead of estimates. Server related up on SMCI gains.
Expect this to be enough to spark dip buying for Japan SPE plays such as TEL, Disco, as well as likes of Fujikura and MHI.
Hoya has bottomed in the last 2-days and looks primed for more upside after excessive weakness.


Japan Morning Connection: NVDA Results Enough to Quell Concerns over AI Slowdown

<ul>
<li>Wild ride for Kokusai Electric yesterday on US/China announcement, although the squeeze should continue.</li>
<li>SMCI +25% in after market trading enough to finally get Nidec up?</li>
<li>Yields down, Homebuilders up, but Tesla hammered after Musk's clumsy foray into EU/UK politics.</li>
</ul>


Wild ride for Kokusai Electric yesterday on US/China announcement, although the squeeze should continue.
SMCI +25% in after market trading enough to finally get Nidec up?
Yields down, Homebuilders up, but Tesla hammered after Musk's clumsy foray into EU/UK politics.


Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

Japan

DISCO CORPORATION manufactures abrasive and precision industrial machinery for cutting and grinding purposes.  The Company's products are applied in the semiconductor, electronics, and construction industries to produce consumer goods such as personal computers, digital cameras, video game systems, and Digital Video Disc (DVD) players.

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DISCO Corp (6146 JP)

Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

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

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: NVDA Results Enough to Quell Concerns over AI Slowdown

Tech rebound into NVDA print slightly ahead of estimates may spark dip buying for Japan SPE. Hoya has bottomed in the last 2 days but looks primed...

Andrew Jackson

Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

Kokusai Electric squeeze looks to continue. Will SMCI +25% finally help lift Nidec? Tesla suffers from Musk's involvement in EU politics.

Andrew Jackson

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Volatile Session but Pointing Higher on Potential for a Tariff Flip-Flop

​TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

Andrew Jackson

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

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: NVDA Results Enough to Quell Concerns over AI Slowdown

​Tech rebound into NVDA print slightly ahead of estimates may spark dip buying for Japan SPE. Hoya has bottomed in the last 2 days but looks primed...

Andrew Jackson

Japan Morning Connection: Tech Rout Deepens, but JP May Be Largely Priced In

Kokusai Electric squeeze looks to continue. Will SMCI +25% finally help lift Nidec? Tesla suffers from Musk's involvement in EU politics.

Andrew Jackson

TSMC rises on news of investment in US fab capacity, Continental AG drops after earnings miss sets poor tone for JP tire makers.

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

Tech rebound into NVDA print slightly ahead of estimates may spark dip buying for Japan SPE. Hoya has bottomed in the last 2 days but looks primed...