PSA Today May 16: Wall St and Poor GDP Figures Sees Japan Lower / ¥$110 Good for NGK Spark Plug / Cryptocurrency Stocks Soaring / Little Enthusiasm for Truck Makers / Recruit Beats Guidance - Nikkei -0.44%
Japan Market Comment by Pelham Smithers, William Nestuk and Thao NguyenNikkei ¥22,717.23 (-¥100.79 / -0.44%); Topix ¥1,800.35 (-¥0.48/ -0.027); ¥/$110.25
Tags: Tesla (TSLA US), Panasonic (6752 JP), Toyo Seikan (5901 JP), NGK Spark Plug (5334 JP), Koito Manufacturing (7276 JP), Remixpoint (3825 JP), Coincheck, Digital Garage (4819 JP), SBI Holdings (8473 JP), GMO Internet (9449 JP), Fisco (3807 JP), Ceres (3696 JP), Monex (8698 JP), Nexon (3659 JP), BitStamp, Mitsubishi Motors (7211 JP), Isuzu (7202 JP), Hino (7205 JP), UD Trucks, AB Volvo (VOLVB SS), Mitsubishi Fuso, Daimler (DAI GR), Recruit Holdings (6098 JP), Indeed, Glassdoor
Main Points at a Glance
• Equities lower on Wall Street weakness, poor GDP numbers
• Cryptocurrency stocks to the fore following Remixpoint’s strong 4Q FY17 showing
• Japanese 1Q 2018 GDP negative, while 4Q 2017 revised down
• Little enthusiasm for truck makers
• Recruit beats guidance
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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