PSA Today Aug 16: Calmer / Panasonic's new debt woes / US auto emissions: politics / Hitachi Chemical's special situation – Nikkei +0.06%
Japan Market Comment by Pelham Smithers, Julie Boote and Joel ScheimanNikkei ¥20,418.81 (+¥13.16 / +0.06%); Topix ¥1,485.29 (+¥1.44 / +0.10%); ¥/$106.10
Tags: Nomura Holdings (8604 JT), Nexon (3659 JT), Recruit Holdings (6098 JT), NEC (6701 JT), CyberAgent (4751 JT), Hitachi Chemical (4217 JT), Hitachi (6501 JT), Panasonic (6752 JT), Tesla (TSLA US), Toyota (7203 JT), Ford (F US), Honda (7267 JT), VW (VOW GR), BMW (BMW GR), GM (GM US), KKR & Co. (KKR US), The Carlyle Group LP (CG US), Sumitomo Chemical (4005 JT), Fujifilm Holdings (4901 JT), Nitto Denko (6988 JT)
Main Points
• Market takes a breather after turbulent week
• Panasonic’s new debt problem
• Uncertainty over US auto emission standards
• Hitachi Chemical shares continue to outperform
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.
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