DAIWA SECURITIES
Global Market: Japan’s Nikkei rises nearly 2% on AI optimism, Anthropic IPO filing
Japan’s Nikkei surged nearly 2%, snapping a three-session losing streak, as Anthropic’s US IPO plans and gains in American semiconductor stocks boosted AI-linked shares such as Advantest, SoftBank and Tokyo Electron.
South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals
Nine South Korean banks and two mega-churches are probing cyberattacks that may have involved AI tools, while Japanese companies including Daiwa Securities, SoftBank Corp and the Lawson convenience store chain have been hit by a recent surge in cyber incidents.
Japan's 30-year bond yields hit record high ahead of PM's remarks
Japan's 30-year government bond yield surged to a historic 4.235%, with market participants keenly anticipating Prime Minister Sanae Takaichi's upcoming address. Meanwhile, yields on shorter-maturity bonds dipped, reflecting adjustments in the financial landscape. Investors are wary that Takaichi’s spending agenda could exacerbate Japan's fiscal challenges. In the US, Treasury yields bounced back as a disappointing jobs report ignited fresh interest rate discussions, amidst ongoing inflationary fears.
Credit Saison diversifies into secured, expects it to be 30% of loans by FY27
Credit Saison India is expanding its MSME lending portfolio by increasing secured loans, particularly in Tier 2 and Tier 3 towns. The company plans to raise the proportion of secured loans to 30% by the end of this fiscal year. With a current loan book of Rs 25,000 crore, it aims to open more branches across the country.
Global Market: Japanese shares rise on AI stocks, dividend buying; Nikkei up 1.2%
Japanese shares rose on Friday, led by AI and chip stocks, while investors bought shares ahead of Monday’s mid-term dividend eligibility deadline. The Nikkei 225 gained 1.23% and Topix 1.19%. Banking stocks also advanced strongly, although SoftBank fell 2.63% after Oracle shares declined amid concerns over data-centre power delays.
Why Japanese monks are turning to stocks, US treasuries and real estate
Japanese Buddhist temples are turning to financial markets as a solution to their rising maintenance expenses. With fewer members and reduced income from funeral services, these spiritual institutions are now exploring investments in stocks and bonds to generate necessary funds. This evolution highlights their struggle to preserve religious integrity while ensuring fiscal sustainability.
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SoftBank shares slide 13% after AI chiefs sound alarm on safety
The company plans a ¥1 trillion ($6.5 billion) retail bond issue and a $10 billion loan linked to OpenAI shares as it finances deals such as the acquisitions of ABB Robotics and DigitalBridge. SoftBank’s also floated plans to build data centers around the world.
Daiwa Securities invests Rs 285 cr in Ambit’s wealth management arm
Third strategic investment by the Japanese financial group in as many years. Infusion of primary capital will help to launch new products, tap global footprint of each other and attract talent. Wealth management contributes 40% of Daiwa’s global revenues.
Daiwa Securities to pick up minority stake in Ambit's arm Ambit Finvest
Leading financial services company Ambit on Tuesday said Daiwa Securities Group will acquire a minority stake in Ambit Finvest, an NBFC subsidiary of the Ambit Group.
Tokyo's key Nikkei index edges up at close
The Nikkei 225 in Tokyo rose 0.30%, closing at 31,328.16, while the Topix slipped 0.07%, closing at 2,159.22. Investors took profits in the early trade after the Nikkei index scored its highest finish in 33 years, while global markets praised a broad deal in Washington over raising the debt ceiling. Analysts observed that foreign market players have been the major driver of recent gains in Tokyo, but they are now taking a break with the US market closed. Investors remain cautious, waiting for the release of key US economic indicators later in the week.
Japan's Daiwa to pick up 15% stake in Ambit
The investment builds upon the existing association between the two groups. Financial terms of the deal were not disclosed. The deal is subject to the completion of customary conditions precedent and regulatory approvals. Part of the Daiwa investment will go towards providing liquidity to some of the employee shareholders and other minority shareholders of Ambit
Tokyo stocks close higher after US gains
The Tokyo market started with gains on sound US shares, "but the upward energy soon lost steam", said strategist Minami Koura of Daiwa Securities."Blue-chip trading lacked a sense of direction ahead of the US jobs data for March due on Friday," she noted.
Tokyo stocks close higher on hopes for brisk earnings
Rallies were led by "shipping firms which have announced upward revisions to their full-year earnings forecasts", Daiwa Securities said in a commentary. Kawasaki Kisen climbed 11.31 percent to 9,840 yen ($71.46), after it revised up its full-year pre-tax profit forecast.
Dollar starts week on back foot ahead of data, earnings
The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over.
Yen steady after BOJ decision, euro weighed by German growth worries
The yen was last still up a fifth of a per cent on the day, at 111.99 yen per dollar.
Daiwa Mutual Fund calls it quits, to sell assets to SBI Mutual Fund
Daiwa Mutual Fund, which has an asset size of Rs 266 crore, is part of the Tokyo-based Daiwa Securities Group, a leading financial services company in Asia.
Daiwa Mutual to sell portfolios, but may retain MF licence here
The company will soon start looking around for potential buyers for the fund portfolios, said a source close to the development.
IIFL suspends its brokerage operations in Singapore
India Infoline(IIFL) Group said it is "suspending" its brokerage operations in Singapore amid low trading volume there and as part of the ongoing restructuring programme.
Heard on the Street: Daiwa Securities, US bank
Japanese financial services firm Daiwa Securities is shedding jobs in India as part of its global plans to downsize.
Daiwa to cut jobs at India i-banking & equities unit
The job cuts are likely to affect executives across functions such as research, sales and sales trading in the equities division.
Prefer private banks to PSU banks: Daiwa Securities
In an interview with ET Now, Punit Srivastava, ED-Banking & Finance, Daiwa Securities, talks about the numbers in banking space. Excerpts:
We have retained a neutral rating on SBI: Punit Srivastava, Daiwa Securities
Punit Srivastava, ED-Banking & Finance, Daiwa Securities, in an interview with ET Now, speaks about Moody's downgrade of SBI. Excerpts:-
Japan's Daiwa freezes hiring at India unit
Daiwa Capital, a wholly-owned arm of Daiwa Securities, is also putting its business plans for its broking operations in India on hold.
Japanese Daiwa Asset Management launches Indian arm
Japan-based Daiwa Asset Management (DAM) today announced launching its India asset management business.
Daiwa Sec to acquire Shinsei's Indian fund biz for Rs 48.6 cr
Daiwa Securities Group is set to buy the Indian asset management arm of Japan’s Shinsei Bank for about 1 billion yen - roughly Rs 48.6 crore - a person close to the development told ET.
Rel Cap, Daiwa to set up i-banking in India
Reliance Capital, through its subsidiary Reliance Securities, is entering into a strategic alliance with Japan’s second-largest investment bank Daiwa Securities to set up investment banking business in India.
Daiwa quarterly net profit dips 78.5%
Daiwa Securities ,Japan’s second-largest brokerage, said quarterly net profit fell 78.5% as fewer equity transactions cut fees and a slow market weighed on trading commissions.
Soma Networks secures $51-mn as equity finance
Mobile WiMax products and professional services provider Soma Networks said it has secured an additional $51-million equity finance.
Soma Networks secures an additional finance of $51-mn
Mobile WiMax products and professional services provider Soma Networks said that it has secured an additional $51-million of equity financing.
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