In today’s briefing:
- Wise Plc: Low-Cost Brand, High-Quality Client Base for an EMI
- Ohayo Japan | Markets Mixed as Economic Data Weakens
- Japan Morning Connection: Power/Analog Semi Names Leading Tech Higher once Again
- #158 India Insights: India Mulls 24% Steel Duty; Record Grains; Maruti Hit by China Curbs
- [Blue Lotus Daily]:LKNCY US/1810 HK/New Energy Vehicle
- [Blue Lotus Daily-TMT Update]:TCOM US/JD US/700 HK/NTES US/PDD US/BABA US/ 3690 HK/Entertainment
Wise Plc: Low-Cost Brand, High-Quality Client Base for an EMI
- Wise reports a stickier deposit mix than Revolut and is likely to outline an evolutionary service roadmap when it releases FY-25 results on 5 June.
- FTSE-100 lift-off in dollar terms Wise’s September promotion is set to trigger roughly $0.7 – $1.1 billion of forced buying from index-tracking funds.
- Management is willing to fund a selective business product push, adding payroll, treasury and deeper API integrations for SMEs.
Ohayo Japan | Markets Mixed as Economic Data Weakens
- Stocks were mixed as weak hiring and services data signaled slowing growth, while renewed tariff tensions and US-China trade uncertainty pressured sentiment and Treasury yields fell.
- Nintendo’s game console “Nintendo Switch 2” will be released today
- Dalton Investments, a U.S. activist fund, acquired a 5.01% stake in Senko Group Holdings
Japan Morning Connection: Power/Analog Semi Names Leading Tech Higher once Again
- Comments from STMicro CEO reflect a similar positiveness from Onsemi management for auto and industrial chips.
- Memory plays strong but still limited follow through for Japanese HDD component makers.
- Plant Labs strong earnings highlights the importance of satellite images…positive IQPS, Synspective and Sky perfect.
#158 India Insights: India Mulls 24% Steel Duty; Record Grains; Maruti Hit by China Curbs
- India considers raising safeguard duty on steel from 12% to 24% to protect local steelmakers from Chinese imports and trade diversion.
- India’s wheat and rice production is set to reach record highs in 2025, with wheat at 117.5 million tons.
- Maruti Suzuki India (MSIL IN) faces potential production delays due to China’s rare earth magnet export curbs, though it’s in talks with the government.
[Blue Lotus Daily]:LKNCY US/1810 HK/New Energy Vehicle
- LKNCY US: Luckin coffee launches RMB 6.9/ Cup Coupons (-)
- 1810 HK: Xiaomi Auto Expected to Turn Profitable in 3Q-4Q25(+)
- New Energy Vehicle: China Major Automakers May 2025 Sales Summary(-)
[Blue Lotus Daily-TMT Update]:TCOM US/JD US/700 HK/NTES US/PDD US/BABA US/ 3690 HK/Entertainment
- TCOM US: Dragon Boat Festival holiday travel volume miss expectations(-)
- JD US: JD Food Delivery Daily Orders Surpass 25 Million(+)
- 700 HK: Tencent Yuanbao App announces integration with Tencent Maps, enabling precise location (+)
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