Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Thematic (Sector/Industry)

<ul>
<li>Tech leads US lower: S&amp;P 500 −0.5%, Nasdaq −1.3%, Dow +0.1%. Brent at $104 and Waller signalling more Fed hikes added pressure.</li>
<li>TSMC beat not enough: Chips fell on OpenAI’s revenue miss and Oracle’s off-balance-sheet AI financing despite TSMC’s Q3 beat.</li>
<li>Fast Retailing beats: FY8/26 operating profit (OP) rose 32% to ¥743.1bn, above consensus. FY8/27 guidance is OP +12% to ¥830.0bn, in line.</li>
</ul>


Tech leads US lower: S&amp;P 500 −0.5%, Nasdaq −1.3%, Dow +0.1%. Brent at $104 and Waller signalling more Fed hikes added pressure.
TSMC beat not enough: Chips fell on OpenAI’s revenue miss and Oracle’s off-balance-sheet AI financing despite TSMC’s Q3 beat.
Fast Retailing beats: FY8/26 operating profit (OP) rose 32% to ¥743.1bn, above consensus. FY8/27 guidance is OP +12% to ¥830.0bn, in line.


Ohayo Japan | ChatGPT Revenue Gap Spooks Chips