PSA Today July 13: Fast Retailing propels the Nikkei / Kitanotatsujin's OP doubles / Panasonic with Tesla in China? / Yaskawa - Nikkei +1.9%
Japan Market Comment by Pelham Smithers and William NestukNikkei ¥22,597.35 (+¥409.39 / +1.9%); Topix ¥1,730.07 (+¥20.39/ +1.2%); ¥/$112.55
Tags: Fast Retailing (9983 JP),Sony (6758 JP), Nintendo (7974 JP), CyberAgent (4751 JP), iStyle (3660 JP), Recruit (6098 JP), Dip (2379 JP), Linical (2183 JP), Inter Action (7725 JP), MonotaRO (3064 JP), Takeuchi (6432 JP), NGK Spark Plug (5334 JP) Kitanotatsujin (2930 JP), Panasonic (6752 JP), Tesla (TSLA US), LG Chem (051910 KS), Samsung SDI (006400 KS), Yaskawa (6506 JP), Samsung (005930 KS), Fanuc (6954 JP)
Main Points at a Glance
• Fast Retailing results send Nikkei higher
• Kitanotatsujin sees OP double
• Panasonic interested in working with Tesla in China, but yet to be invited
• Red flag for Yaskawa a bit harsh
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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