Stocks
The Nikkei Hit a Record High. The Stock That Got It There Sells Air Conditioners
Elliott took a 3% stake in Daikin and demanded a ¥1 trillion buyback. The stock surged 14%. The Nikkei hit 59,518, a record. Japan's governance shift is real.
Economy
India’s Central Bank Held Rates at 5.25 Percent. Then Brent Crashed 16 Percent
RBI kept repo at 5.25% on April 8. Forecasts assumed $120 oil and Hormuz disruption. Brent crashed 16% hours later. GDP cut to 6.9%, rupee at record 95.22.
Asia Pacific
The Islamabad Talks Failed. Here Is What That Actually Means for the Economy.
Islamabad talks collapsed. Trump ordered a Hormuz blockade. Here is what the breakdown means for oil prices, the Federal Reserve and Monday's bank earnings season.
Economy
Three Tankers Just Transited Hormuz on a Route Iran Does Not Control. The Blockade Has a Crack.
Three Omani tankers bypassed Iranian waters through a southern coastal route on April 2. Windward data, insurance risks, and the April 6 deadline explained.
Commodities
Everyone Is Watching the Oil Price. The One That Matters Is Printed on a Bag of Urea.
Urea jumped from $490 to $700. A third of global fertiliser trade transits Hormuz. There are no strategic reserves. It is planting season. The supply is not arriving.
Economy
Japan Asked the IEA for More Oil. The First 400 Million Barrels Lasted Three Weeks.
Takaichi asked the IEA to prepare a second coordinated oil release. India's PMI hit a three-year low. Malaysia held two emergency meetings in two days. Asia escalated.
Economy
Asia Stopped Debating Oil Prices. It Started Rationing Fuel.
Bangladesh stationed troops at oil depots. The Philippines cut the work week to four days. Nepal is rationing cooking gas. Three weeks in, Asia is in emergency mode.
Stocks
Japan’s Market Lost 3.4 Percent on Thursday.The Bank of Japan Blamed a War It Has No Power to Stop.
The Nikkei fell 3.4% as Iran struck Gulf energy sites and oil hit $113. The BOJ held at 0.75% and named the war directly. Japan imports nearly all its fuel
Stocks
BYD Took Tesla’s Crown and Then Lost the Plot at Home
BYD outsold Tesla by 600,000 EVs in 2025, then saw domestic sales crash 62% in January as Xiaomi's YU7 took China's top spot. Blade Battery 2.0 is the reply.
Asia Pacific
China Set Its Lowest Growth Target Since 1991. The Number Is the Least Interesting Part.
China set its lowest GDP growth target since 1991 at the NPC on March 5. The 15th Five-Year Plan reveals more than the number. Here's what the document actually argues.
Commodities
Vietnam Has 20 Days of Fuel Left. The Philippines Sources 96% of Its Oil from the Gulf. The Strait Is Still Closed.
Vietnam has under 20 days of fuel reserves. The Philippines sources 96% of its oil from the Gulf. Brent is above $100 and the Strait is still closed. Here's the regional damage in numbers.
