In today’s briefing:
- Ohayo Japan | ChatGPT Revenue Gap Spooks Chips
- Singapore Market Roundup (08-Oct-2026): UOBKH keeps ‘buy’ on United Hampshire US REIT as retail
- Asia Real Estate Tracker (08-Oct-2026): Brookfield buys 8 industrial parks in India.
- Hardman & Co Insight | UK housebuilders – A decade of disappointment
- LIT Update: Liberté, Égalité, Crappy Lycées. A quick primer on France’s student protests.
- Everyone wants to catch the falling knife in the bond market
- REF China Property Developers In Distress – Weekly News & Announcements Tracker | Oct 3-8, 2026
- A Solar Energy Slam Dunk Nobody Was Taking
Ohayo Japan | ChatGPT Revenue Gap Spooks Chips
- Tech leads US lower: S&P 500 −0.5%, Nasdaq −1.3%, Dow +0.1%. Brent at $104 and Waller signalling more Fed hikes added pressure.
- TSMC beat not enough: Chips fell on OpenAI’s revenue miss and Oracle’s off-balance-sheet AI financing despite TSMC’s Q3 beat.
- Fast Retailing beats: FY8/26 operating profit (OP) rose 32% to ¥743.1bn, above consensus. FY8/27 guidance is OP +12% to ¥830.0bn, in line.
Singapore Market Roundup (08-Oct-2026): UOBKH keeps ‘buy’ on United Hampshire US REIT as retail
- UOBKH maintains ‘buy’ on United Hampshire US REIT amid retail sector revival.
- Phillip Securities initiates ‘buy’ rating for JEP at 83 cents.
- JP Morgan recommends reducing DBS and OCBC holdings, favoring UOB instead.
Asia Real Estate Tracker (08-Oct-2026): Brookfield buys 8 industrial parks in India.
- Brookfield has strengthened its foothold in India’s shed market by acquiring eight ESR industrial parks.
- CPPIB and Temasek have significantly increased funding for Nuveen’s Australian debt strategy to over $679 million.
- Major players like Blackstone, Bain, and Warburg are vying for a substantial $6.3 billion opportunity in Japan.
Hardman & Co Insight | UK housebuilders – A decade of disappointment
- What lies ahead for the UK housebuilding sector?
- Analyst Nigel Hawkins explores the challenges and opportunities facing the industry, from the Government’s ambitious target of building 1.5 million new homes to the impact of rising inflation and interest rates on mortgage affordability and demand.
- The article considers how recent measures aimed at supporting first-time buyers could provide some encouragement for the sector, while also examining the financial strength of leading housebuilders and their recent share price performance.
LIT Update: Liberté, Égalité, Crappy Lycées. A quick primer on France’s student protests.
- The French did not invent the protest, indeed the Romans had their plebeian walkouts, the English had the Peasants’ Revolt, and the Americans dumped perfectly good tea into Boston Harbor.
- But since 1789, France has held the heavyweight title belt and defended it against all comers.
- If striking were an Olympic sport, France would have won countless gold medals.
Everyone wants to catch the falling knife in the bond market
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Bond yields are the overwhelming focus; the 10-year breached 5.3% and most writers see fiscal deficits, heavy issuance, and AI capex driving yields structurally higher.
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Inflation is considered persistent, with core PCE above 3% and the Fed missing its target for 66 months.
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Equity market internals are deteriorating sharply — record index highs are being built on narrow mega-cap leadership, a classic late-cycle signal.
REF China Property Developers In Distress – Weekly News & Announcements Tracker | Oct 3-8, 2026
- This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
- We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
- We do not verify the underlying data or provide any opinion; we only select and summarise the information. See direct links to the sources
A Solar Energy Slam Dunk Nobody Was Taking
- What sits under the name is a full stack platform for distributed solar.
- Three businesses: financing through an in house NBFC, B2B commerce for procurement, and the solar tech layer that ties them together.
- The numbers today: around 600 crores disbursed, roughly 75 to 80 million dollars.
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