PSA Today Aug 12: Risk-on continues / Apple loses two patent cases/ Considering Bridgestone / Showa Denko guiding for loss / Trend Micro's beat – Nikkei +0.41%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and Thao NguyenNikkei ¥22,843.96 (+¥93.72 / +0.41%); Topix ¥1,605.53 (+¥19.57 / +1.23%); ¥/$106.79
Tags: Ulvac (6728 JT), SoftBank Group (9984 JT), GMO Internet (9449 JT), GMO Payment Gateway (3769 JT), Rakuten (4755 JT), Nexon (3659 JT), Microsoft (MSFT US), Sony (6758 JT), Apple (AAPL US), Qualcomm (QCOM US), Intel (INTC US), Huawei, MediaTek (2454 TT), Murata (6981 JT), Bridgestone (5108 JT), VW (VOW GR), Showa Denko (4004 JT), Trend Micro (4704 JT)
Main Points
• Japanese shares continue risk-on rally
• Apple loses two patent cases
• Bridgestone includes second wave of Covid-19 in forecast
• Showa Denko guides for a ¥90bil net loss
• Trend Micro’s FY20 Q2 beats
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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