PSA Today Sept 14: Through 23k/ Foreigners and the market/ Nintendo's console game domination/ Toray's carbon fibre woes - Nikkei +1.20%
Japan Market Comment by Pelham Smithers and Joel ScheimanNikkei ¥23,094.67 (+¥273.35 / +1.20%); Topix ¥1,728.61 (+¥18.59 / +1.09%); ¥/$111.87
Tags: Apple (AAPL US), Skyworks (SWKS US), Broadcom (AVGO US), Murata (6981 JP), Taiyo Yuden (6976 JP), TDK (6762 JP), Alps (6770 JP), Yaskawa (6506 JP), Harmonic Drive Systems (6324 JP), Nintendo (7974 JP), Sony (6758 JP), Toray (3402 JP), Asahi Kasei (3407 JP), Teijin (3401 JP), Mitsubishi Chemical Holdings (4188 JP), General Motors (GM US)
Main Points at a Glance
• Nikkei breaks 23,000 on weak yen, Apple, China
• Foreigners dump Japanese shares
• Nintendo dominating console game charts
• Toray’s carbon fiber business remains tough
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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