Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Apple tariff threat likely just another scare tactic with markets failing to react excessively.</li>
<li>May see further Nuclear follow through after Trumps executive order Friday sends related names soaring.</li>
<li>Live-Action Elden Ring movie another positive angle for Bandai Namco which also has Gundan on the way.</li>
</ul>


Apple tariff threat likely just another scare tactic with markets failing to react excessively.
May see further Nuclear follow through after Trumps executive order Friday sends related names soaring.
Live-Action Elden Ring movie another positive angle for Bandai Namco which also has Gundan on the way.


Japan Morning Connection: US Down on Trump Tariff Threat but Deadline Extention Will Lift Mood

<ul>
<li>UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.</li>
<li>Quantum computing names flying after D-wave numbers may lift Socionext.</li>
<li>Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.</li>
</ul>


UK deal and anticipation of a positive outcome to China talks lifting positioning into risk assets.
Quantum computing names flying after D-wave numbers may lift Socionext.
Nintendo numbers obviously conservative, while Ibiden points to a bigger NVDA product mix + index upside.


Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass when we discussed SPX 5110-5120 as a bounce spot and a level to trade [long] against.</li>
<li>Possible that major lows are in at 4800-4820 SPX and $402-$412 on the Nasdaq 100 (QQQ), as discussed in 4/10/25 Int'l Compass. For now we want to remain near-term bullish</li>
<li>200-Day MAs on ACWI-US and SPX are spots where they <em>could</em> roll over. This is just a lean; if we see no reason to sell at those levels, we won't.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass when we discussed SPX 5110-5120 as a bounce spot and a level to trade [long] against.
Possible that major lows are in at 4800-4820 SPX and $402-$412 on the Nasdaq 100 (QQQ), as discussed in 4/10/25 Int'l Compass. For now we want to remain near-term bullish
200-Day MAs on ACWI-US and SPX are spots where they could roll over. This is just a lean; if we see no reason to sell at those levels, we won't.


Invest As If the Lows Are In; EURO STOXX 50 and TOPIX Reclaim Key Levels

<ul>
<li>Tesla surging on the prospect for auto tariffs and semi's up on the potential for leniency.</li>
<li>US homebuilder woes continue with KB homes reporting a miss after market.</li>
<li>Activist Elliott taking a stake in Sumitomo Reality may see holdings under pressure.</li>
</ul>


Tesla surging on the prospect for auto tariffs and semi's up on the potential for leniency.
US homebuilder woes continue with KB homes reporting a miss after market.
Activist Elliott taking a stake in Sumitomo Reality may see holdings under pressure.


Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Sep 11th. The aggregated net margin trading position is USD30,193m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec, Nintendo, Japan Airport Terminal, Tokyo Electron, Disco, Sumitomo Mitsui Financial.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Sep 11th. The aggregated net margin trading position is USD30,193m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec, Nintendo, Japan Airport Terminal, Tokyo Electron, Disco, Sumitomo Mitsui Financial.


JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

Japan

Nintendo Co., Ltd. develops, manufactures, and sells household leisure equipment. The Company produces home use video game hardware and software products. Nintendo markets its products throughout Japan.

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Nintendo (NTDOY US)

Japan Morning Connection: US Down on Trump Tariff Threat but Deadline Extention Will Lift Mood

Markets fail to react excessively to another Trump tarrif threat. Live-Action Elden Ring movie positive for Bandai Namco and Kadokawa. Rally for...

Andrew Jackson

Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Invest As If the Lows Are In; EURO STOXX 50 and TOPIX Reclaim Key Levels

Invest As If the Lows Are In; EURO $STOXX 50 and $TOPIX Reclaim Key Levels; Still near-term bullish since our 4/22/25 Compass report. Possible...

Vermilion Research

Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...

Andrew Jackson

JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), SoftBank (9984 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: US Down on Trump Tariff Threat but Deadline Extention Will Lift Mood

Markets fail to react excessively to another Trump tarrif threat. Live-Action Elden Ring movie positive for Bandai Namco and Kadokawa. Rally for...

Andrew Jackson

Japan Morning Connection: Market Risk on with Trump Telling Punters to Buy Ahead of W/E

Positioning into risk assets with ​UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Andrew Jackson

Invest As If the Lows Are In; EURO STOXX 50 and TOPIX Reclaim Key Levels

Invest As If the Lows Are In; EURO $STOXX 50 and $TOPIX Reclaim Key Levels; Still near-term bullish since our 4/22/25 Compass report. Possible...

Vermilion Research

Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

​Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...

Andrew Jackson

JPX Margin Trading Weekly (Sep 11th): Kioxia, SoftBank, Advantest, Mitsubishi UFJ Financial, Lintec

We analyzed JPX margin trading positions report for the past week and highlighted Kioxia (285A JP), SoftBank (9984 JP), Advantest (6857 JP),...

Ke Yan, CFA, FRM

Positioning into risk assets with UK deal and China talks, Socionext may benefit from D-wave numbers; may be opportunity to buy into the dip for...

Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...