Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>Topix broadly flat (-0.1%) amid volatility; energy surge drove sector divergence, with Services/Food outperforming and Mining/Steel lagging. </li>
<li>US equities strongly outperformed Japan. Iran conflict drove ~12% oil spike and heightened volatility; Hormuz disruption risk dominated sentiment, though LNG transit flows provided limited reassurance. </li>
<li>Japan data resilient (strong Tankan), but inflation and weak yen raise BOJ hike odds; capital rotating into AI infrastructure (e.g., Microsoft investment) despite macro uncertainty.</li>
</ul>


Topix broadly flat (-0.1%) amid volatility; energy surge drove sector divergence, with Services/Food outperforming and Mining/Steel lagging. 
US equities strongly outperformed Japan. Iran conflict drove ~12% oil spike and heightened volatility; Hormuz disruption risk dominated sentiment, though LNG transit flows provided limited reassurance. 
Japan data resilient (strong Tankan), but inflation and weak yen raise BOJ hike odds; capital rotating into AI infrastructure (e.g., Microsoft investment) despite macro uncertainty.


Japan Strategy Weekly | Markets Navigate Volatility

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Oracle's good numbers pulling AI and DC related names up, while Samsung failing its NVDA HBM certification (again) positive for Micron.</li>
<li>Tencent is back at the table looking to bid for Nexon, whose outstanding short interest could see a rapid squeeze.</li>
<li>All the good news out for Konami? Looks like it after their even last night with further upside catalysts lacking.</li>
</ul>


Oracle's good numbers pulling AI and DC related names up, while Samsung failing its NVDA HBM certification (again) positive for Micron.
Tencent is back at the table looking to bid for Nexon, whose outstanding short interest could see a rapid squeeze.
All the good news out for Konami? Looks like it after their even last night with further upside catalysts lacking.


Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

<ul>
<li>Trump whipping up interest in all things AI and data center over his state visit to Saudi.</li>
<li>Pharma giving back yesterdays rebound with risks remaining over Trump's planned pricing cuts.</li>
<li>Kokusai Electric may continue moving higher post-numbers  as a potential NKY225 inclusion candidate.</li>
</ul>


Trump whipping up interest in all things AI and data center over his state visit to Saudi.
Pharma giving back yesterdays rebound with risks remaining over Trump's planned pricing cuts.
Kokusai Electric may continue moving higher post-numbers  as a potential NKY225 inclusion candidate.


Japan Morning Connection: US Opening Doors to Greater UAE/Saudi Chip Sales Driving Tech and Semis

<ul>
<li>Toyota further signalling a U-turn in its EV strategy by delaying long-range battery plant.</li>
<li>Nexon very squeezy, but does something this well flagged really deserve legs?</li>
<li>Activist Murakami up to his old tricks a la Pacific Metals with Ferrotec or just a tactic to shake retail?</li>
</ul>


Toyota further signalling a U-turn in its EV strategy by delaying long-range battery plant.
Nexon very squeezy, but does something this well flagged really deserve legs?
Activist Murakami up to his old tricks a la Pacific Metals with Ferrotec or just a tactic to shake retail?


Japan Morning Connection: Rudderless Tape in the US Points to Uninspired JP Trading to Start

<ul>
<li>US semi-cap names jump as markets delayed pricing in report China restrictions will be tempered.</li>
<li>Shiseido restructuring briefing the numerical targets enough to stem the bleeding?</li>
<li>TGA around the corner should see focus on Japanese game developers, including Nexon which has been heavily sold post earnings.</li>
</ul>


US semi-cap names jump as markets delayed pricing in report China restrictions will be tempered.
Shiseido restructuring briefing the numerical targets enough to stem the bleeding?
TGA around the corner should see focus on Japanese game developers, including Nexon which has been heavily sold post earnings.


Japan Morning Connection: Japan SPE Set for More Upside

Japan

Nexon Co., Ltd. mainly develops and services, online games for PC and mobile devices. The company also offers consulting services related to online-games. Nexon operates in Japan.

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Nexon (3659 JP)

Japan Strategy Weekly | Markets Navigate Volatility

Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...

Mark Chadwick

Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

Tech and Semi's led higher by Oracle, setting upbeat tone for AI and data center related plays. Watch for knock on effects from recent Boeing 787...

Andrew Jackson

Japan Morning Connection: US Opening Doors to Greater UAE/Saudi Chip Sales Driving Tech and Semis

Trump's visit to Saudi Arabia sparks interest in AI and data centers, Pharma stocks drop after rebound, Kokusai Electric may rise further as...

Andrew Jackson

Japan Morning Connection: Rudderless Tape in the US Points to Uninspired JP Trading to Start

Toyota delays long-range battery plant, pulling back from EV expansion. Nexon's recent move looks squeezy. Murakami's tactics with Ferrotec...

Andrew Jackson

Japan Morning Connection: Japan SPE Set for More Upside

US semi-cap stocks jump as China restrictions will be tempered. Will Shiseido's restructuring targets finally push it from lows? Attention on...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Strategy Weekly | Markets Navigate Volatility

​Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...

Mark Chadwick

Japan Morning Connection: Air India Crash Sends Boing Lower, AMD's AI Event Fails to Impress

Tech and Semi's led higher by Oracle, setting upbeat tone for AI and data center related plays. Watch for knock on effects from recent Boeing 787...

Andrew Jackson

Japan Morning Connection: US Opening Doors to Greater UAE/Saudi Chip Sales Driving Tech and Semis

​Trump's visit to Saudi Arabia sparks interest in AI and data centers, Pharma stocks drop after rebound, Kokusai Electric may rise further as...

Andrew Jackson

Japan Morning Connection: Rudderless Tape in the US Points to Uninspired JP Trading to Start

​Toyota delays long-range battery plant, pulling back from EV expansion. Nexon's recent move looks squeezy. Murakami's tactics with Ferrotec...

Andrew Jackson

Japan Morning Connection: Japan SPE Set for More Upside

US semi-cap stocks jump as China restrictions will be tempered. Will Shiseido's restructuring targets finally push it from lows? Attention on...

Andrew Jackson

Energy surge drives sector divergence in Topix, US equities outperform Japan amid Iran conflict and oil spike, Japan data resilient but inflation...

Trump's visit to Saudi Arabia sparks interest in AI and data centers, Pharma stocks drop after rebound, Kokusai Electric may rise further as...

Toyota delays long-range battery plant, pulling back from EV expansion. Nexon's recent move looks squeezy. Murakami's tactics with Ferrotec...