PSA Today Mar 18: A surge and then a pull-back / The Fed and Japan's market / Currency help for autos / Diamond Electric shares rights / Raw material concerns for Daikin fading – Nikkei +1.01%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥30,216.75 (+¥302.42 / +1.01%); Topix ¥2,008.5 (+¥24.48/ +1.23%); ¥/$108.84
Tags: SMC (6273 JT), Tokyo Electron (8035 JT), Toshiba (6502 JT), CyberAgent (4751 JT), Hitachi (6501 JT), Enigmo (3665 JT), Appirits (4174 JT), JTower (4485 JT), Medley (4480 JT), Modec (6269 JT), Monex Group (8698 JT), Ceres (3696 JT), GMO Internet (9449 JT), Sony (6758 JT), Keyence (6861 JT), Nintendo (7974 JT), Shin-Etsu Chemical (4063 JT), Nidec (6594 JT), Daikin (6367 JT), Murata (6981 JT), Hoya (7741 JT), Fanuc (6954 JT), Mitsubishi Electric (6503 JT), Yageo (2327 TT), Thyssenkrupp (TKA GY), Nippon Steel (5401 JT), NEC (6701 JT), Anritsu (6754 JT), Ibiden (4062 JT), Shinko Electric (6967 JT) Ricoh (7752 JT), Nikon (7731 JT), Fujifilm Holdings (4901 JT), Asahi Kasei (3407 JT), Kawasaki Kisen(9107 JT), SBI Holdings (8473 JT), MHI (7011 JT), KHI (7012 JT), Fuji Electric (6504 JT), Toyota Motor (7203 JT), Honda Motor (7267 JT), Nissan Motor (7201 JT), Subaru (7270 JT), Suzuki (7269 JT), Mazda (7261 JT), Mitsubishi Motors (7211 JT), Diamond Electric (6699 JT)
Main Points
• Nikkei surges then slides on Fed, BoJ moves
• Implications of the Fed’s “new policy” for Japan market
• Positive forex development for automakers
• Diamond Electric shares rights issued today may relieve selling pressure
• Daikin recovers to the ¥23,000 level as raw material concerns fade
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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