PSA Today 2 Dec: Unhelpful USA data plus a strong yen weaken market / Consumer confidence / Gaming console stock issues in Japan / US auto sales good for Japan's assemblers – Nikkei 225 -1.59%
Japan Market Comment by Pelham Smithers, Julie Boote and Thao NguyenTags: CyberAgent (4751 JT), Ono Pharmaceutical (4528 JT), Daiichi Sankyo (4568 JT), Astellas (4503 JT), Rohm (6963 JT), BASiC Semiconductor, Nissan Motor (7201 JT), Sony (6758 JT), Nintendo (7974 JT), Konami (9766 JT), Bandai Namco (7832 JT), Microsoft (MSFT US), Toyota Motor (7203 JT), Honda Motor (7267 JT), Mazda (7261 JT), Mitsubishi Motors (7211 JT)
Main Points
• US data, strong yen send Japan shares lower
• Japanese consumer confidence at its lowest levels since Covid
• PS5, Xbox continue to face stock issues in Japan – Gematsu
• Japanese automakers see strong rebound in US auto sales
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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