In today’s briefing:
- Ohayo Japan | Stocks Slip as Treasury Yields Offset Oil Relief
- China’s Optical Sell-Off: The Missing Bill Behind the Market’s Reaction
- India Rare Earths Monitor – September 2026
- Singapore Market Roundup (29-Sep-2026): Lim & Tan rates Uni-Asia a “buy” at $1.39.
- CFA Society New York: Michael Weinberg Says Retail Money Is Arriving Just as Private Equity Exits St
- What’s News in Amsterdam
Ohayo Japan | Stocks Slip as Treasury Yields Offset Oil Relief
- US: stocks closed modestly lower on Tuesday as rising long-term Treasury yields weighed on sentiment.
- The 30-year Treasury yield climbed to 5.62%, its highest level since 2002
- AI and semiconductor stocks helped limit losses. President Trump backed a “morally binding” industry accord for self-regulation.
China’s Optical Sell-Off: The Missing Bill Behind the Market’s Reaction
- S.5548 targets federal procurement, not hyperscalers or commercial AI datacentres; the bill alone cannot explain the sell-off.
- The market appears to be pricing the separate FCC track, which could restrict new Chinese optical-transceiver models more broadly.
- Positioning: focus on the FCC catalyst; US suppliers offer substitution exposure, while Chinese optics retain substantial policy-risk premium.
India Rare Earths Monitor – September 2026
- IREL opened seven indigenous rare-earth technologies, including NdPr recovery from end-of-life magnets, to industry, attacking India’s core separation and recycling technology gap rather than just adding mining capacity.
- Prices consolidated with no clear direction. Pr-Nd firmed modestly on producer buying, dysprosium gave back August’s gains, while lanthanum oxide jumped 4.7% on a low base.
- Government’s Special Campaign 6.0 (2–31 Oct) and an expanded GSI exploration pipeline (300 projects planned for FY27) reinforce India’s push toward recycling feedstock and domestic supply.
Singapore Market Roundup (29-Sep-2026): Lim & Tan rates Uni-Asia a “buy” at $1.39.
- Lim & Tan rates Uni-Asia a “buy” at $1.39 for shipping and real estate.
- Koh of UOBKH keeps $1.16 target price for UI Boustead REIT.
- UOBKH maintains ‘buy’ on Reclaims Global after strong 1HFY2027 results.
CFA Society New York: Michael Weinberg Says Retail Money Is Arriving Just as Private Equity Exits St
- Michael Weinberg, CFA, Special Advisor to the Tokyo University of Science Endowment and Adjunct Professor at Columbia Business School, gave the keynote at CFA Society New York’s “Institutional Exit vs.
- Retail Entry: Rebalancing the Private Market Ecosystem” event on September 24th 2026.
- By Weinberg’s own description, the talk was “a bit of a straw man to help create some excitement for the panel.” Higher inflation and rates are choking off private equity exits just as pensions and endowments run out of room to allocate, so managers are courting private wealth instead, often through evergreen funds and continuation vehicles that may simply pass the risk along.
What’s News in Amsterdam
- Amazon is expanding same-day delivery across the Randstad-area, with customers now able to order until 15:00 and receive eligible products between 18:00 and 22:00.
- The service is enabled by a new fulfilment center in Waddinxveen, operated by logistics provider Dragonfly.
- More than 25,000 products are available for same-day delivery, while ordering earlier in the day provides access to hundreds of thousands of products.
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