Japanese Stocks Rise for European Session
The Nikkei 225 climbed 0.6% to close at 40,795 on Wednesday, while the broader Topix Index advanced 1.02% to 2,967, marking a second straight day of gains for Japanese equities. Investors shrugged off a weak lead from Wall Street, where renewed stagflation concerns were fueled by soft US economic data.
Markets also brushed aside fresh tariff threats from President Donald Trump, who warned of duties of up to 250% on pharmaceutical imports and potential levies on semiconductors. On the domestic front, data showed Japan’s real wages fell for the sixth consecutive month in June, as inflation continued to outpace pay increases.
In corporate news, Mitsubishi Heavy rallied 4.8% after securing a landmark contract to build Australia’s next-generation warships. Meanwhile, Tokyo Electron dropped 3.8% after Mizuho Securities downgraded the chip equipment maker from “Buy” to “Neutral.”
Source: Newsmaker.id
