Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>The rally in <a href="https://www.smartkarma.com/entities/furukawa-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:5193:1" rel="noopener">Furukawa Electric (5801 JP)</a>'s stock price over the last few months has increased market cap and free float market cap and should result in global index inclusion.</li>
<li>
<a href="https://www.smartkarma.com/entities/furukawa-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:5193:1" rel="noopener">Furukawa Electric (5801 JP)</a> has outperformed its peers since the start of the calendar year and now trades at a premium on most valuation metrics.</li>
<li>Passives will need to buy a large chunk of the float and cumulative excess volume indicates that a lot of the positioning is likely already done.</li>
</ul>


The rally in Furukawa Electric (5801 JP)'s stock price over the last few months has increased market cap and free float market cap and should result in global index inclusion.

Furukawa Electric (5801 JP) has outperformed its peers since the start of the calendar year and now trades at a premium on most valuation metrics.
Passives will need to buy a large chunk of the float and cumulative excess volume indicates that a lot of the positioning is likely already done.


Furukawa Electric (5801 JP): Huge Rally & Expensive Valuations Ahead of Global Index Inclusion

CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

Make an Impact

Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

Cross Asset Strategy

<ul><li>The strategy seeks to invest in companies with superior sustainability features/initiatives.</li><li>These companies may be: 1) screened by avoiding issuers with negative ESG; 2) uplifted due to their commitment to improve ESG</li><li>3) included as their business models may not only benefit from but also may drive long-term sustainability outcomes; and 4) committed to generating positive, measurable and additional sustainability outcomes.</li></ul>

The strategy seeks to invest in companies with superior sustainability features/initiatives.These companies may be: 1) screened by avoiding issuers with negative ESG; 2) uplifted due to their commitment to improve ESG3) included as their business models may not only benefit from but also may drive long-term sustainability outcomes; and 4) committed to generating positive, measurable and additional sustainability outcomes.

Global Sustainability Portfolio (18-Aug-2026)

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>SEI looks like a laggard target, up only 25% from its lows versus Furukawa and Fujikura's 60% rebound.</li>
<li>Kioxia looks like it could have plenty of room to rebound on a return to momentum chasing with it still -45% from the recent highs.</li>
<li>QPS and Astroscale worth watching with SpaceX's 4.4% gain overnight, lifting sentiment for smaller space names.</li>
</ul>


SEI looks like a laggard target, up only 25% from its lows versus Furukawa and Fujikura's 60% rebound.
Kioxia looks like it could have plenty of room to rebound on a return to momentum chasing with it still -45% from the recent highs.
QPS and Astroscale worth watching with SpaceX's 4.4% gain overnight, lifting sentiment for smaller space names.


Japan Morning Connection: SEI Could Emerge as a Laggard Target as Optical/Cable Sector Heats Up

<ul>
<li>Furukawa and Fujikura could see support after reports the US is weighing a ban on Chinese optical transceivers.</li>
<li>Softbank looks well placed for gains on strong earnings and ARM's rally.</li>
<li>Softbank Corp, NTT and KDDI may face pressure after Musk signaled plans to take "quite a few" mobile customers from major carriers via Starlink's direct-to-mobile service.</li>
</ul>


Furukawa and Fujikura could see support after reports the US is weighing a ban on Chinese optical transceivers.
Softbank looks well placed for gains on strong earnings and ARM's rally.
Softbank Corp, NTT and KDDI may face pressure after Musk signaled plans to take "quite a few" mobile customers from major carriers via Starlink's direct-to-mobile service.


Japan Morning Connection: Furukawa, Fujikura May Find Support as US Weighs Ban on Chinese Optics

<ul>
<li>SEI, Furukawa and Fujikura, all reporting this week, may see gains with a stronger optical connectivity tape overnight and recent selloff leaving the risk/reward tilted higher into this week's earnings.</li>
<li>QPS, Astroscale and Synspective may see gains tracking Sidus, Redwire and Rocket Lab overnight, though SpaceX's earnings and lockup expiry this week warrant caution.</li>
<li>Fuji Elec and Rohm may see support from Onsemi's beat and raised AI data center sales guidance.</li>
</ul>


SEI, Furukawa and Fujikura, all reporting this week, may see gains with a stronger optical connectivity tape overnight and recent selloff leaving the risk/reward tilted higher into this week's earnings.
QPS, Astroscale and Synspective may see gains tracking Sidus, Redwire and Rocket Lab overnight, though SpaceX's earnings and lockup expiry this week warrant caution.
Fuji Elec and Rohm may see support from Onsemi's beat and raised AI data center sales guidance.


Japan Morning Connection: SEI, Furukawa, Fujikura May See Support as Optical Names Rally Overnight

Japan

Furukawa Electric Co., Ltd. manufactures wires, cables, and metal products. The Company holds patents in optical fiber coating technology and produces optical fiber cables in the United States.  Furukawa Electric's metal products include aluminum cans, air conditioner parts, and shape memory alloys.

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Furukawa Electric (5801 JP)