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 Oct 2nd. The aggregated net margin trading position is USD30,228m.</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 Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec, Simplex, Furukawa Electric, Tokyo Electron, Nagoya Railroad, Taiyo Yuden, Toyota Motor.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Oct 2nd. The aggregated net margin trading position is USD30,228m.
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 Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec, Simplex, Furukawa Electric, Tokyo Electron, Nagoya Railroad, Taiyo Yuden, Toyota Motor.


JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul>
<li>Hale has finalized an $85 million acquisition of a Melbourne campus, the largest industrial deal of 2026.</li>
<li>Fuji Media Marketing in Japan is considering a property sale that could potentially reach $5 billion.</li>
<li>CapitaLand Investment has obtained a $1.9 billion mandate for income insurance in Singapore amid market changes.</li>
</ul>


Hale has finalized an $85 million acquisition of a Melbourne campus, the largest industrial deal of 2026.
Fuji Media Marketing in Japan is considering a property sale that could potentially reach $5 billion.
CapitaLand Investment has obtained a $1.9 billion mandate for income insurance in Singapore amid market changes.


Asia Real Estate Tracker (28-Apr-2026): Hale acquires $85M Melbourne campus in major deal.

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Kioxia Holdings (285A JP) could have a long way to tumble only -18% from its recent highs with almost zero short interest.</li>
<li>Defense doesn’t seem to be reacting to the spectre of increased conflict in Iran with US names weak again setting a poor tone for Japanese names.</li>
<li>Nintendo launches its Super Mario galaxy movie tomorrow so may get a bit of a bid on expectations it does as well as the initial film.</li>
</ul>


Kioxia Holdings (285A JP) could have a long way to tumble only -18% from its recent highs with almost zero short interest.
Defense doesn’t seem to be reacting to the spectre of increased conflict in Iran with US names weak again setting a poor tone for Japanese names.
Nintendo launches its Super Mario galaxy movie tomorrow so may get a bit of a bid on expectations it does as well as the initial film.


Japan Morning Connection: Tech and AI Set for a Rough Open as Quarter End Profit Taking Hits Winners

<ul>
<li>Kioxia looks vulnerable as not far from its ATH's and +720% off its September lows with almost no short interest.</li>
<li>Sony and Nintendo may catch a bid if supply-demand imbalance shows signs of abating.</li>
<li>Fujitsu and NEC likely to do better as the market goes risk-off.</li>
</ul>


Kioxia looks vulnerable as not far from its ATH's and +720% off its September lows with almost no short interest.
Sony and Nintendo may catch a bid if supply-demand imbalance shows signs of abating.
Fujitsu and NEC likely to do better as the market goes risk-off.


Japan Morning Connection: Heavy Selling Expected for SPE as Uncertainty Builds

Japan Specialist

Mark Chadwick

<ul>
<li>Market sentiment shifted to distressed as the Nikkei plunged over 2,800 points on Monday—its third-largest point drop ever—entering correction from a February peak.</li>
<li>The escalating Middle East war, with the Strait of Hormuz closed and Iran's new leader vowing resistance, drove Brent crude to spike to $119/barrel before stabilizing near $100.</li>
<li>Investors await the March 19 BOJ meeting, expecting a rate hold but hypersensitive to any hawkish shift to stem yen weakness, as the early-2026 Takaichi Rally hangs by a thread.</li>
</ul>


Market sentiment shifted to distressed as the Nikkei plunged over 2,800 points on Monday—its third-largest point drop ever—entering correction from a February peak.
The escalating Middle East war, with the Strait of Hormuz closed and Iran's new leader vowing resistance, drove Brent crude to spike to $119/barrel before stabilizing near $100.
Investors await the March 19 BOJ meeting, expecting a rate hold but hypersensitive to any hawkish shift to stem yen weakness, as the early-2026 Takaichi Rally hangs by a thread.


Japan Strategy Weekly | The Nikkei’s "Black Monday" And Beyond

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)

JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

We analyzed JPX margin trading positions report for the past week and highlighted Mitsubishi UFJ Financial (8306 JP), Advantest (6857 JP), Fujikura...

Ke Yan, CFA, FRM

Asia Real Estate Tracker (28-Apr-2026): Hale acquires $85M Melbourne campus in major deal.

Hale's $85M Melbourne campus acquisition leads APAC real estate in 2026, while Fuji Media considers a $5B sale, and CapitaLand secures a $1.9B...

Asia Real Estate Tracker

Japan Morning Connection: Tech and AI Set for a Rough Open as Quarter End Profit Taking Hits Winners

Japan's AI names face a brutal open as quarter end selling accelerates. Kioxia an easy pole to slide down with almost no short interest and not far...

Andrew Jackson

Japan Morning Connection: Heavy Selling Expected for SPE as Uncertainty Builds

SPE and optical names face a brutal open as tech melts down overnight. Sony and Nintendo may be the bright spots on easing NAND cost pressures.

Andrew Jackson

Japan Strategy Weekly | The Nikkei’s "Black Monday" And Beyond

Market sentiment shifts to distressed as Nikkei plunges over 2,800 points, Brent crude spikes due to Middle East tensions, investors cautious...

Mark Chadwick

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JPX Margin Trading Weekly (Oct 2nd): Mitsubishi UFJ Financial, Advantest, Fujikura, Lasertec

We analyzed JPX margin trading positions report for the past week and highlighted Mitsubishi UFJ Financial (8306 JP), Advantest (6857 JP), Fujikura...

Ke Yan, CFA, FRM

Asia Real Estate Tracker (28-Apr-2026): Hale acquires $85M Melbourne campus in major deal.

Hale's $85M Melbourne campus acquisition leads APAC real estate in 2026, while Fuji Media considers a $5B sale, and CapitaLand secures a $1.9B...

Asia Real Estate Tracker

Japan Morning Connection: Tech and AI Set for a Rough Open as Quarter End Profit Taking Hits Winners

Japan's AI names face a brutal open as quarter end selling accelerates. Kioxia an easy pole to slide down with almost no short interest and not far...

Andrew Jackson

Japan Morning Connection: Heavy Selling Expected for SPE as Uncertainty Builds

SPE and optical names face a brutal open as tech melts down overnight. Sony and Nintendo may be the bright spots on easing NAND cost pressures.

Andrew Jackson

Japan Strategy Weekly | The Nikkei’s "Black Monday" And Beyond

​Market sentiment shifts to distressed as Nikkei plunges over 2,800 points, Brent crude spikes due to Middle East tensions, investors cautious...

Mark Chadwick

Market sentiment shifts to distressed as Nikkei plunges over 2,800 points, Brent crude spikes due to Middle East tensions, investors cautious...