Morning Brief · Tue 13 Oct 2026, 06:00 · 38 positions
The book was up 8 bps overnight. Semis carried it.
Tokyo Electron rose 4.1% as orders into Q4 ran ahead of plan1. ASML fell 2.3% on a softer China outlook2. SK hynix reports Thursday, and our preview sits above consensus3.
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NoteChannel check · Tokyo ElectronJ. Park · 12 Oct
WFE orders into Q4 are running ahead of plan, and Tokyo Electron is the main beneficiary.
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