In today’s briefing:
- Escalating Trade Tensions: An Analysis of the Bangladesh-India Trade War
- Ohayo Japan | Caution Reigns
- Japan Morning Connection: Musk Planning an XAI 1-Million GPU AI-Factory May Lift Tech to Start
- [Blue Lotus Daily-TMT Update]:700 HK/BIDU/AAPL/BABA US/3690 HK/PDD US/TCOMUS/1024 HK/WRD US/PONY US/
- US Banks & Economy – Commercial Paper Outstanding in Recent Week, Is Highest of Any Week in Series
- [Blue Lotus Daily]:BEKE US/1810 HK/Consumer Sector/Macro
- #150 India Insight: Adani, Tata Drive Defence & EV Push, Trade Shift May Boost India by 2035.
- What’s New(s) in Amsterdam – 20 May (ABN Amro | Sif Holding)
Escalating Trade Tensions: An Analysis of the Bangladesh-India Trade War
- India has restricted 42% of imports from Bangladesh, impacting $770 million worth of goods, mainly garments, as a direct response to Bangladesh’s trade barriers.
- The trade war could severely impact Bangladesh’s economy, especially its export-driven garment sector, while protecting India’s domestic industries.
- The conflict reveals a deeper geopolitical shift, with Bangladesh strengthening ties with China, potentially altering regional trade dynamics in South Asia.
Ohayo Japan | Caution Reigns
- US stocks declined Tuesday as skepticism grew over the durability of the recent rally fuelled by easing trade tensions
- St. Louis Fed President Alberto Musalem warning that current tariff levels could still pose significant economic risks
- Seven &i Holdings plans to sell a portion of its Seven Bank shares to ITOCHU Corporation
Japan Morning Connection: Musk Planning an XAI 1-Million GPU AI-Factory May Lift Tech to Start
- Quantum names in play still with D-Wave now 155% MTD should help Socionext as well as upgrade.
- Wolfspeed bankruptcy may be initially negative but ultimately positive for Renesas.
- SK Hynix reportedly getting the contract to supply NAND for Nintendo Swicth2.
[Blue Lotus Daily-TMT Update]:700 HK/BIDU/AAPL/BABA US/3690 HK/PDD US/TCOMUS/1024 HK/WRD US/PONY US/
- 700 HK/BIDU US: Tencent announced a comprehensive AI technology upgrade for its browser product “QQ Browser” (+/-/-)
- 700 HK: Tencent’s <Final Fantasy 14 Mobile> to Launch Technical Beta Test (+)
- AAPL US/BABA US: Alibaba and Apple’s AI collaboration faces US government scrutiny (-/-)
US Banks & Economy – Commercial Paper Outstanding in Recent Week, Is Highest of Any Week in Series
- Commercial paper outstanding in the US issued by non-financials is at its highest levels in the most recent week, since at least early FY23
- The growth rate of CP outstanding in the US, from companies that make stuff, not banks, is growing at 10% YoY
- This is another indicator of relatively strong underlying economics in the US, like what we see with HFD for US banks with C&I and Other Loans To Non FI’s
[Blue Lotus Daily]:BEKE US/1810 HK/Consumer Sector/Macro
- BEKE US- Real Estate : Weekly Property Transaction Update (-)
- 1810 HK: Xiaomi to Launch Self-Developed 3nm Chip and SUV YU7 (+)
- Consumer sector: April Retail Sales Growth Fell Short of Expectations, But Seasonality Still Outperformed Historical Trends (+/+/+)
#150 India Insight: Adani, Tata Drive Defence & EV Push, Trade Shift May Boost India by 2035.
- Adani Defence partners with Sparton to manufacture indigenous sonobuoys, enhancing India’s anti-submarine warfare capabilities under ‘Aatmanirbhar Bharat.
- Tata Motors Ltd (TTMT IN) is enhancing its EV lineup with new models and product upgrades, aiming to mainstream electric vehicles in India.
- India may benefit from global trade protectionism, with reshoring and energy security boosting manufacturing growth and GDP by 2035.
What’s New(s) in Amsterdam – 20 May (ABN Amro | Sif Holding)
- ABN AMRO Bank has been informed by NLFI (acting on behalf of the Dutch state) that it has reduced its stake in ABN AMRO to below one-third.
- NLFI is currently executing its trading plan, as announced on 15 October 2024, to reduce its stake in ABN AMRO to approximately 30%.
- With NLFI’s stake falling below one third, several of its rights in the Relationship Agreement will no longer apply.
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