PSA Today Mar 3: Cyclicals interest the market / Apple's iPhone production plans / Sony ends on-demand video purchasing / US Feb auto sales fall – Nikkei +0.51%
Japan Market Comment by Pelham Smithers, Julie Boote and William NestukNikkei ¥29,559.10 (+¥150.93 / +0.51%); Topix ¥1,904.54 (+¥9.69 / +0.51%); ¥/$106.83
Tags: Nippon Steel (5401 JT), Kobe Steel (5406 JT), Bank of Japan (8301 JT), IHI (7013 JT), AGC (5201 JT), Santen Pharmaceutical (4536 JT), Trend Micro (4704 JT), Takeda (4502 JT), Moderna (MRNA US), NF Holdings (6864 JT), Itochu (8001 JT), Diamond Electric (6699 JT), Taiyo Industrial (6663 JT), China Northern Rare Earth (600111 CH), Apple (AAPL US), Huawei, Samsung Electronics (005930 KS), Murata (6981 JT), Sony (6758 JT), Nitto Denko (6988 JT), Taiyo Yuden (6976 JT), Warner Brothers, Toyota Motor (7203 JT), Honda (7267 JT), Subaru (7270 JT), Mazda (7261 JT), Hyundai Motor (005380 KS), Nissan Motor (7201 JT)
Main Points
• Cyclicals to the fore as steel industry executives point to improving conditions
• Is Apple set to cut iPhone production more than originally expected?
• Sony ends on-demand video purchasing via PlayStation Store
• US auto sales fall in February
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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