In today’s briefing:
- Ohayo Japan | Oil Surges on Mideast Tensions
- Japan Morning Connection: Rumors Micron May Lift DDR4 Prices Lifts Sentiment for All Things Memory
- China’s Banks: The Quiet Bull Market No One’s Watching
- #161 India Insights: India Eyes Rare Earth Push; IndusInd’s Prerequisites from RBI, Insulin Scale Up
- [Blue Lotus Daily]:1211 HK/LI US/ NIO US/XPEV US/1810 HK/CHA US/2589 HK/2555 HK/Macro
- Rare Earth Export Curbs from China: Assessing the Risk for India’s Auto Industry
- [Blue Lotus Daily-TMT Update]:700 HK/1439927D CH/1024 HK/BABA US/1211 HK/3690 HK/1519 HK/E-Commerce
Ohayo Japan | Oil Surges on Mideast Tensions
- Stocks ended lower Wednesday as the S&P 500 slipped 0.27% to 6,022; weaker-than-expected May inflation data
- U.S. crude surged over 5% following reports of a planned partial evacuation of the U.S. embassy in Iraq amid growing Middle East tensions.
- Treasury Secretary Bessent said the U.S. will likely extend tariff pause for countries negotiating in good faith, amid ongoing trade talks and deals.
Japan Morning Connection: Rumors Micron May Lift DDR4 Prices Lifts Sentiment for All Things Memory
- Intel relief rally didn’t last, but Broadcom rebounded after a week of selling despite Apple weakness.
- Oracle is 7% in late-trading after posting very bullish cloud and cloud infra guidance.
- Record sales for Nintendo’s Switch2 console not enough to keep stock moving higher.
China’s Banks: The Quiet Bull Market No One’s Watching
- The stealth bull market in HK listed Chinese banks continues.
- While the negatives are well known, the positives are underappreciated
- We tweak the basket of bank stocks after they report Q1 results
#161 India Insights: India Eyes Rare Earth Push; IndusInd’s Prerequisites from RBI, Insulin Scale Up
- India aims to localize rare earth magnet production to protect its EV and tech sectors, reduce import reliance, and support long-term industrial and investment growth.
- Hinduja Group must meet key conditions set by RBI for capital infusion in Indusind Bank (IIB IN) , including revocation of pledged shares and appointing board representatives.
- Biocon Ltd (BIOS IN) , Eris Lifesciences (ERIS IN) , Wockhardt Ltd (WPL IN) scale up insulin output and capturing new growth in diabetes and obesity care markets.
[Blue Lotus Daily]:1211 HK/LI US/ NIO US/XPEV US/1810 HK/CHA US/2589 HK/2555 HK/Macro
- Macro: Central Government Focuses on Improving People’s Livelihoods to Stimulate Consumption, But Short-term Impact Unlikely(+)
- Macro: Our Take on the Chinese Government Housing Provident Fund 2024 Annual Report(/)
- 1211 HK/LI US/ NIO US/XPEV US/1810 HK: 2025 June 2 – June 8 NEV Delivery Rankings(/)
Rare Earth Export Curbs from China: Assessing the Risk for India’s Auto Industry
- India’s automotive sector is facing a new external risk: China’s recent tightening of rare earth element (REE) export restrictions.
- While the short-term impact appears contained, particularly for ICE 2Ws/3Ws, passenger vehicles—both ICE and EV—are the most exposed
- Indian OEMs are actively engaging with Chinese authorities and India’s Ministry of External Affairs to seek interim solutions, and a resolution is expected within 2–3 weeks.
[Blue Lotus Daily-TMT Update]:700 HK/1439927D CH/1024 HK/BABA US/1211 HK/3690 HK/1519 HK/E-Commerce
- 700 HK: Tencent First Reveals Its Open-World ACGN Game <Return to the Loop>(+)
- 1439927D CH/1024 HK:ByteDance to Launch New DouBao Video Generation Model Tomorrow (+/-)
- 1439927D CH: ByteDance Announces Expansion of TikTok Investment in the UK (+)
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