PSA Today July 24: Recovery / China's macro moves / Sosei interesting / Shionogi / PVC and Shin-Etsu / Fanuc results tomorrow / Air-con grapevine - Nikkei +0.51%
Japan Market Comment by Pelham Smithers, Julie Boote, Joel Scheiman and William NestukNikkei ¥22,510.48 (+¥113.49 / +0.51%); Topix ¥1,746.86 (+¥8.16/ +0.47%); ¥/$111.30
Tags: Hitachi Chemical (4217 JP) Tokyo Steel (5423 JP), Fanuc (6954 JP), Komatsu (6301 JP), Hitachi Construction Machinery (6305 JP), Sosei (4565 JP), Allergan (AGN US), Eisai (4523 JP), Shionogi (4507 JP), Roche (ROG SW), Purdue Pharma (unlisted), VIIV (pvt), Shin-Etsu Chemical (4063 JP), Shintech, Westlake Chemical (WLK US), SNC-Lavalin (SNC CN), Shin-Etsu Polymer (7970 JP), Yaskawa (6506 JP), Nabtesco (6268 JP), Daikin (6367 JP) Fujitsu General (6755 JP)
Main Points at a Glance
• Equities recover as China loosens economic stance
• China moves to more proactive fiscal stance
• Sosei dementia drug moves to Phase II
• Shionogi revises up (slightly)
• Shin-Etsu to receive continued support from PVC
• Ahead of Fanuc’s results July 25 after-market
• Heard on the grapevine…about A/Cs
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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