PSA Today Aug 26: Weak day on trade worries, cyclicals in the cross hairs / NEC and its energy storage – Nikkei -1.61%
Aug 26 Japan Market Comment by Pelham SmithersNikkei ¥20,261.04 (-¥449.87 / -2.17%); Topix ¥1,478.03 (-¥24.22 / -1.61%); ¥/$105.25
Tags: Fanuc (6954 JT), SMC (6273 JT), Tokyo Electron (8035 JT), Murata (6981 JT), SoftBank Group (9984 JT), Hitachi (6501 JT), Hitachi Chemical (4217 JT), NEC (6701 JT), Panasonic (6752 JT), Renesas (6723 JT)
Main Points
• Trade war escalation hits Japanese equities
• NEC cumulative energy storage orders hit 750MW
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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