In today’s briefing:
- Ohayo Japan | US-EU Trade Deal Struck
- HK Strategy: Time to Revisit the Yield Story
- Japan Morning Connection: EU Trade Deal Should Help JP Names with High European Exposure Gain
Ohayo Japan | US-EU Trade Deal Struck
- US stocks rose Friday with the S&P 500 notching its fifth consecutive record this week and the Nasdaq reaching a new all-time high
- Donald Trump struck a major trade deal with the EU, easing tariffs, boosting U.S. energy exports, and averting a transatlantic trade war after months of tense negotiations.
- Cross-Shareholding unwinding among Japanese listed companies accelerated significantly, with policy shareholding sales rising 50% to a record 9.2 trillion yen in fiscal 2025
HK Strategy: Time to Revisit the Yield Story
- Although lower interest rates will benefit the technology sector more, many investors will still opt for high-yield stocks to protect their income stream.
- CNOOC Ltd (883 HK), Hang Lung Prop (101 HK), China Hongqiao (1378 HK), Hengan Intl Group (1044 HK), and Henderson Land (12 HK) are the top 5 high-yield HSI constituents.
- Mainland China banks no longer made the list, but ICBC (H) (1398 HK) and Bank Of China Ltd (H) (3988 HK) remain attractive at 5.7% and 5.6%, respectively.
Japan Morning Connection: EU Trade Deal Should Help JP Names with High European Exposure Gain
- Screen numbers a headline miss but outlook for guidance hike over 2Q numbers remains.
- Shin Etsu drop on back of PVC weakness could be short lived on a more dovish outcome.
- Renesas down after numbers with market wanting more clarity over comments that 2026 remains “unclear”.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
