PSA Today August 23: Very mixed, trade issues dominate / Nikon fights back/ Continental warning / NAFTA talks hope / Fanuc, SMC / Kakaku.com - Nikkei +0.22%
Japan Market Comment by Pelham Smithers, Julie Boote, William Nestuk and Thao NguyenNikkei ¥22,410.82 (+¥48.27 / +0.22%); Topix ¥1,698.22 (-¥0.15 / +0.01%); ¥/$110.88
Tags: Continental (CON GY), Suzuki (7269 JP), Chongqing Changan Automobile Co. (200625 CH), Fanuc (6954 JP), Omron (6645 JP), KDDi (9433 JP), Fast Retailing (9983 JP), Nikon (7731 JP), Sony (6758 JP), Fujifilm (4901 JP), Panasonic (6752 JP), Canon (7751 JP), Toyota (7203 JP), Nissan (7201 JP), Honda (7267 JP), SMC (6273 JP), Kakaku.com (2371 JP), Digital Garage (4819 JP), Dentsu (4324 JP)
Main Points
• Mixed market as US / China trade talks dominate
• Nikon unveils mirrorless cameras
• Continental’s profit warning adds to auto sell-off
• Much hype about NAFTA talks
• A Fanuc downgrade
• Kakaku.com: uninteresting
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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