In today’s briefing:
- Ohayo Japan | US Stocks Cratered
- Japan Morning Connection: Trump Panic Tactic Working Hook, Line, and Sinker
Ohayo Japan | US Stocks Cratered
- The S&P 500 sank nearly 6%, capping its worst week since 2020
- About 90% of TSE Prime Market stocks declined on Friday, with semiconductor and tech stocks, particularly hard hit.
- Nintendo postponed U.S. preorders for its Switch 2 gaming device, originally scheduled for April 9, 2025, to assess potential impacts of Trump’s new tariffs.
Japan Morning Connection: Trump Panic Tactic Working Hook, Line, and Sinker
- Big drops for futures and commodity markets to start the week, so expect heavy selling across the board to start.
- Vietnam signalling willingness to cut US tariffs sending related footwear/clothing names who manufacture in country sharply higher.
- Nintendo cancelling its US Switch2 pre-sales sending ADR’s lower only to snap back as market remains bullish on new console.
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