In today’s briefing:
- Ohayo Japan | AI Selloff and Layoff Surge
- Japan Morning Connection: AI Pullback but NAND Smashes It After-Hours
- Thematic Report: India’s EV Curve Is Accelerating into Untapped Segments
Ohayo Japan | AI Selloff and Layoff Surge
- U.S. stocks fell sharply as AI-related names slumped on valuation fears, layoffs surged, and tariff uncertainty deepened, leaving major indexes on track for their worst week since April.
- Tesla shareholders approved Elon Musk’s pay package, potentially worth $1 trillion
- Take-Two fell 7% after a surprise loss and delaying GTA VI despite stronger bookings, while e.l.f. Beauty plunged 33% on tariff-hit margins and a weak fiscal 2026 outlook.
Japan Morning Connection: AI Pullback but NAND Smashes It After-Hours
- Big beat for Sandisk with margins set to surge as BiCS8 rollout gathers steam.
- Rohm numbers disappoint and new MTP points to delayed AI server revenues.
- MLCC maker Taiyo Yuden effectively cuts its FY OP guidance despite headline raise.
Thematic Report: India’s EV Curve Is Accelerating into Untapped Segments
- India is intensifying its electric mobility push to achieve 30% EV sales by 2030, focusing on mandates, financing, and targeted city-level saturation to accelerate adoption.
- The EV transition will reduce oil imports, cut emissions, enhance renewable energy integration, and position India as a global clean mobility leader amid slow early progress.
- A decisive shift from incentives to mandates, coupled with focused financing, R&D, and urban pilot programs, can fast-track India’s electric mobility transformation over the next five years.
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