PSA Today Aug 24: Dollar advantage, trade issues / Fujitsu General / KHI / Suzuki dissolves China JV/ Nissan Chemical's FY18 Outlook, Roundup / Mercari woes - Nikkei +0.85%
Japan Market Comment by Julie Boote, Joel Scheiman, William Nestuk and Thao NguyenNikkei ¥22,601.77 (+¥190.95 / +0.85%); Topix ¥1,709.20 (+¥10.98 / +0.65%); ¥/$111.38
Tags: Fanuc (6954 JP), SMC (6273 JP), Chiyoda Corp (6366 JP), Komatsu (6301 JP), W-Scope (6619 JP), Fujitsu General (6755 JP), Daikin (6367 JP), KHI (7012 JP), Boeing (BA US), Suzuki (7269 JP), Nissan Chemical (4021 JP), Monsanto (MON US), Sumitomo Chemical (4005 JP), Bayer (BAYN GR), Mercari (4385 JP)
Main Points at a Glance
• Strong dollar pushes Japan higher
• Trade issues see autos and machinery weaker…
• …while oversold names such as W-Scope and Fujitsu General bounce
• KHI poised to break ¥3,000 support?
• Suzuki walks away from China
• Nissan Chemical shares recovering despite Roundup issues
• Mercari out of favour
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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