Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Tech and AI sell off sparked by further chip restrictions to China and poor print from ASML.</li>
<li>Details of trade talks are set to have big implications for autos, energy, defense and agriculture.</li>
<li>US officials order the suspension of Biden era wind project already under constriction, adding more pressure to renewables.</li>
</ul>


Tech and AI sell off sparked by further chip restrictions to China and poor print from ASML.
Details of trade talks are set to have big implications for autos, energy, defense and agriculture.
US officials order the suspension of Biden era wind project already under constriction, adding more pressure to renewables.


Japan Morning Connection: Trump Lauding 'great Progress' with Japan Trade Talks.

<ul>
<li>US falters over the day after a strong start with renewed tariff concerns depressing sentiment.</li>
<li>Banks and insurance rallied with Treasury yields over the day rising despite the pullback from equities.</li>
<li>US / Japan bilateral talks may push the BoJ into action.</li>
</ul>


US falters over the day after a strong start with renewed tariff concerns depressing sentiment.
Banks and insurance rallied with Treasury yields over the day rising despite the pullback from equities.
US / Japan bilateral talks may push the BoJ into action.


Japan Morning Connection: Reciprocal Tariff Deadline Looms but Japan Is Front of the Line in Talks

<ul>
<li>Tech and AI down again ahead of Trump's tariff 'liberation day' on April 2.</li>
<li>Wolfspeed -51% puts Renesas's $2bn advance payment for SiC under jeopardy.</li>
<li>Dead rat, anyone? Should be positive for Yoshinoya as Sukiya shutters most stores.</li>
</ul>


Tech and AI down again ahead of Trump's tariff 'liberation day' on April 2.
Wolfspeed -51% puts Renesas's $2bn advance payment for SiC under jeopardy.
Dead rat, anyone? Should be positive for Yoshinoya as Sukiya shutters most stores.


Japan Morning Connection: US Defense Secretary Hegseth Reconfirming Commitment to Japan

Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Kawasaki Heavy Industries / Index Rebalance

<ul>
<li>JPX-Nikkei 400 is composed of common stocks listed on the Tokyo Stock Exchange. It is a free-float-adjusted capped index composed of 400 constituents.</li>
<li>The annual index review takes place in August every year. We look at the latest rankings of potential ADDs/DELs every month.</li>
<li>Below is a look at the rankings of potential ADDs/DELs for the JPX-Nikkei 400 August 2025 rebalance based on trading data as of end-March 2025.</li>
</ul>


JPX-Nikkei 400 is composed of common stocks listed on the Tokyo Stock Exchange. It is a free-float-adjusted capped index composed of 400 constituents.
The annual index review takes place in August every year. We look at the latest rankings of potential ADDs/DELs every month.
Below is a look at the rankings of potential ADDs/DELs for the JPX-Nikkei 400 August 2025 rebalance based on trading data as of end-March 2025.


Quiddity JPX-Nikkei 400 Rebal 2025: End-Mar 2025 Ranks

<ul>
<li>EU defence names higher again, expect more upside for JP heavies after yesterdays lull.</li>
<li>Intel managed to eek out gains with the market still positive on streamlining.</li>
<li>BYD rapid charging adding to Tesla woes, downside pressure to build for Panasonic as restructuring allure fades.</li>
</ul>


EU defence names higher again, expect more upside for JP heavies after yesterdays lull.
Intel managed to eek out gains with the market still positive on streamlining.
BYD rapid charging adding to Tesla woes, downside pressure to build for Panasonic as restructuring allure fades.


Japan Morning Connection: Huang's AI Keynote Fails to Excite Investors

Japan

IHI Corporation manufactures heavy machinery. The Company produces aircraft jet engines, rocket propulsion systems, and ships for military and commercial use. Ishikawajima-Harima also constructs petroleum refineries and nuclear power plants.

Price Gauge
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IHI Corp (7013 JP)

Japan Morning Connection: Trump Lauding 'great Progress' with Japan Trade Talks.

Earnings miss from ASML and further chip restrictions to China sparked Tech and AI sell off. JP renewables likely to be impacted by Equinor’s...

Andrew Jackson

Japan Morning Connection: Reciprocal Tariff Deadline Looms but Japan Is Front of the Line in Talks

US markets struggle as renewed tariff concerns dampen sentiment. Banks and insurance rally as Treasury yields rose. US/Japan talks could prompt...

Andrew Jackson

Japan Morning Connection: US Defense Secretary Hegseth Reconfirming Commitment to Japan

Tech and AI still down as Trump's liberation day approaches; Wolfspeed -51% puts Renesas in poor position, Yoshinoya should benefit from Sukiya...

Andrew Jackson

Quiddity JPX-Nikkei 400 Rebal 2025: End-Mar 2025 Ranks

In total, there are 49 Potential ADDs and 48 Potential DELs (unique names) presented in the current Quiddity Leaderboard. The High & Med ADDs could...

Janaghan Jeyakumar, CFA

Japan Morning Connection: Huang's AI Keynote Fails to Excite Investors

EU defence stocks continue higher, potential for more gains for JP heavyweights.BYD's rapid charging poses more challenges for Tesla. Panasonic...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Trump Lauding 'great Progress' with Japan Trade Talks.

Earnings miss from ASML and further chip restrictions to China sparked Tech and AI sell off. JP renewables likely to be impacted by Equinor’s...

Andrew Jackson

Japan Morning Connection: Reciprocal Tariff Deadline Looms but Japan Is Front of the Line in Talks

​US markets struggle as renewed tariff concerns dampen sentiment. Banks and insurance rally as Treasury yields rose. US/Japan talks could prompt...

Andrew Jackson

Japan Morning Connection: US Defense Secretary Hegseth Reconfirming Commitment to Japan

Tech and AI still down as Trump's liberation day approaches; Wolfspeed -51% puts Renesas in poor position, Yoshinoya should benefit from Sukiya...

Andrew Jackson

Quiddity JPX-Nikkei 400 Rebal 2025: End-Mar 2025 Ranks

In total, there are 49 Potential ADDs and 48 Potential DELs (unique names) presented in the current Quiddity Leaderboard. The High & Med ADDs could...

Janaghan Jeyakumar, CFA

Japan Morning Connection: Huang's AI Keynote Fails to Excite Investors

​EU defence stocks continue higher, potential for more gains for JP heavyweights.BYD's rapid charging poses more challenges for Tesla. Panasonic...

Andrew Jackson

US markets struggle as renewed tariff concerns dampen sentiment. Banks and insurance rally as Treasury yields rose. US/Japan talks could prompt...

EU defence stocks continue higher, potential for more gains for JP heavyweights.BYD's rapid charging poses more challenges for Tesla. Panasonic...