In today’s briefing:
- Ohayo Japan | Plunging Oil Prices
- Iran-Israel Conflict’s Impact : India’s Rice Exporters Under Pressure
- Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit
- Global Oil Crisis: How the Iran-Israel War May Disrupt India’s Energy and Economic Stability?
- Furniture/Furnishings Weekly Housing Booms and Busts…
Ohayo Japan | Plunging Oil Prices
- U.S. stocks +1% as easing geopolitical tensions and plunging oil prices boosted sentiment.
- Fuji Media Holdings will hold its Annual General Meeting on June 25 to vote on appointing 11 directors
- Krafton, a major Korean game company, will acquire the Japanese advertising agency ADK for 75 billion yen from Bain Capital.
Iran-Israel Conflict’s Impact : India’s Rice Exporters Under Pressure
- India’s rice exports are 80% dependent on the Gulf region, with the possibility of shutdown of SoH and Iran as a key buyer, exposing the sector to high conflict risk.
- 100,000 tonnes of Basmati rice are stranded; freight costs surged, and INR 1,500-2,000 crore in payments are stuck, causing major financial strain.
- India is developing Chabahar Port for alternative routes and actively pursuing market diversification and government support schemes for resilience.
Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit
- India’s Wires & Cables sector is doubling by FY29 with a major 80% capex surge in FY26, driven by infrastructure and exports.
- Despite robust supply growth, a significant INR 177.3 billion demand-supply gap by FY30 indicates strong absorption.
- Polycab India (POLYCAB IN) leads with high ROIC and growth, while Havells India (HAVL IN) and Apar Industries (APR IN) offer strong capex-driven expansion for investors.
Global Oil Crisis: How the Iran-Israel War May Disrupt India’s Energy and Economic Stability?
- The Iran-Israel conflict intensified, causing oil prices to surge over 20% due to geopolitical risks and Strait of Hormuz fears.
- India faces significant risk, as 38% of its oil and 52% of LNG imports rely critically on the Strait of Hormuz.
- Despite short-term volatility, substantial OPEC+ spare capacity suggests long-term oil prices may stabilize around $70/barrel.
Furniture/Furnishings Weekly Housing Booms and Busts…
- The US enters the war with Iran, bombing multiple nuclear sites, while trade policy uncertainty continues.
- The WTR Commercial/Contract Furniture Index gained 0.2% and the Home Goods Retailers Index was up 2.8%, while the Residential Manufacturers & Suppliers Index fell 2.0%.
- The broader indices were also mixed, with the S&P 500 and DJ 30 down 0.2%, while the R2K gained 0.1%.
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