PSA Today 16 Oct: ASML shock sends tech lower / Readacross from ASML's weak orders / Core machinery orders / China Sep auto sales fall / Record tourist numbers in Sep – Nikkei 225 -1.83% | ¥$149.27
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Hiroyuki TeradaTags: ASML (ASML NA), Lasertec (6920 JT), Screen Holdings (7735 JT), Tokyo Electron (8035 JT), Fujikura (5803 JT), NEC Corp (6701 JT), Taisei (1801 JT), Obayashi (1802 JT), Shiseido (4911 JT), LVMH (MC FP), Kose (4922 JT), Kitanotatsujin (2930 JT), Takashimaya (8233 JT), Money Forward (3994 JT), Samsung Electronics (005930 KS), Intel (INTC US), SK Hynix (000660 KS), Micron (MU US), TSMC (2330 TT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Honda Motor (7267 JT), Sanrio (8136 JT), Park24 (4666 JT), Kyoritsu Maintenance (9616 JT), Treasure Factory (3093 JT), Kakuyasu Group (7686 JT)
Main Points
• ASML orders shock sends Tokyo tech shares sharply lower
• ASML’s weak orders suggest China hitting saturation on SPE demand
• Core machinery orders fall in August, but broader picture is much better
• China auto sales decline in September
• Record level of tourists to Japan in September
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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