PSA Today July 8: China economic worries / Huawei's HongMeng OS /Suzuki, Maruti and India's budget / Japan, Korea restrictions and EUV – Nikkei -0.98%
Japan Market Comment by Pelham Smithers, Julie Boote and Joel ScheimanNikkei ¥21,534.25 (-¥212.03 / -0.98%); Topix ¥1,578.40 (-¥14.18 / -0.32%); ¥/$108.30
Tags: Cybozu (4776 JT), GMO Internet (9449 JT), Internet Initiative Japan (3774 JT), KH Neochem (4189 JT), Huawei (pvt.), Apple (AAPL US), Google (GOOG US), Murata (6981 JT),TDK (6762 JT), Suzuki (7269 JT), Maruti (MSIL IN), JSR (4185 JT), Tokyo Ohka Kogyo (4186 JT), Shin-Etsu Chemical (4063 JT), TSMC (2330 TT), Samsung Electronics (005930 KS)
Main Points
• Japanese equities slide on China worries
• China’s economic sentiment deteriorating
• Huawei talks up HongMeng OS
• Suzuki shares fall on India budget disappointment
• Japan’s export restrictions for resists target EUV
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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