China, CAICT phone data (Mar): domestic phone shipments 21.2mln, -7.1% Y/Y
The latest data on China’s domestic phone shipments reflects a 7.1% year-on-year decline, with shipments totaling 21.2 million units in March.
Nissan (7201 JT) reportedly to revise FY25/26 Op. Profit to JPY 50bln (prev. loss JPY -60bln), NHK reports
Iran is reportedly "discussing the uranium and nuclear issue with friends and allies and is open for discussion at the negotiating table.", Journalist Mallick reports
China, CAICT phone data (Mar): domestic phone shipments 21.2mln, -7.1% Y/Y
Hitachi (6501 JT) FY (JPY): Revenue 10.5tln (prev. 9.8tln), Net 802bln (prev. 615bln). To buyback JPY 500bln worth of shares.
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This decline may signal ongoing challenges in consumer demand and could have implications for the broader tech sector, particularly for firms heavily reliant on the Chinese market. Traders should consider potential impacts on associated equities and regional sentiment, as this trend might pressure growth expectations further.
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