In today’s briefing:
- Japan Morning Connection: Tech Takes a Breather but Marvell Doubles Down with Announced Buyback
- Ohayo Japan | Stocks Down for Second Day
- Asia Real Estate Tracker (24-Sep-2025): Warburg Pincus acquires site for 80MW Seoul data center.
- Exencial Industry Tidings 24/09/2025
- Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.
- European IT Services: H-1B Concerns Are Overstated
Japan Morning Connection: Tech Takes a Breather but Marvell Doubles Down with Announced Buyback
- Nickel surges after Freeport’s Indonesian closure will have long term pricing impact. Watch SMM, MMS and Mit Materials.
- Inrel approaches Apple for partnership, although its unlikely they can push out TSMC for chips.
- Memory takes a break after Micon’s earnings seen as not quite good enough after recent gains.
Ohayo Japan | Stocks Down for Second Day
- U.S. markets declined Wednesday as AI concerns persisted, with the S&P 500 dropping 0.3%
- Chinese tech stocks rallied led by Alibaba’s 8% surge on AI spending plans, with semiconductor firms SMIC and Hua Hong rising. Intel +6% on reports it approached Apple for investment.
- Freeport-McMoRan plunged 17% after cutting copper and gold forecasts due to Indonesia operations issues, including a fatal mud flow at Grasberg mine.
Asia Real Estate Tracker (24-Sep-2025): Warburg Pincus acquires site for 80MW Seoul data center.
- Warburg Pincus has secured a site for an 80MW data center located in Greater Seoul, enhancing its portfolio.
- Keppel DC REIT has made a significant investment by purchasing a Colt Data Centre near Tokyo for $551 million.
- In Europe, the combination of lower interest rates and limited supply is fostering new investment opportunities.
Exencial Industry Tidings 24/09/2025
- India requests WTO consultations on Indonesia’s proposed duty on cotton fabric
- DGTR to impose anti-dumping duty on electrical steel for 5 years
- India n tractor manufacturer s expand presence in 162 countries
Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.
- RHB lowers CDLHT target price due to market challenges.
- RHB calls ST Engineering a high-quality, defensive growth opportunity.
- Ready-to-eat at 7-Eleven could prompt a re-rating for DFI Retail.
European IT Services: H-1B Concerns Are Overstated
- The US has imposed a USD 100,000 fee on H-1B visa applications, aiming to prioritise high-skilled, high-wage applicants. The measure is expected to shift offshore firms further toward local hiring.
- Capgemini and Atos, the only European firms with H-1B activity, are less reliant on US-based visas. Limited exposure means the new fee would have only a modest impact on costs.
- While visa-related changes pose limited risk to European players, greater disruption could come from the rise of agentic AI and the uncertain trajectory of anti-outsourcing legislation like the HIRE Act.
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