Japanese Shares Track Wall Street Higher
The Nikkei 225 Index climbed 0.9% to above 43,100, while the broader Topix Index rose 0.6% to 3,085 on Wednesday, with both benchmarks hitting record highs after Wall Street’s overnight rally.
Gains followed US inflation data that strengthened expectations for a Federal Reserve rate cut next month. In Japan, sentiment among manufacturers improved for the second consecutive month in August after a trade agreement with Washington, while producer price growth slowed to an 11-month low in July as firms contended with higher US tariffs.
Top gainers included Sanrio (+7.2%), Mitsubishi Heavy (+2.7%), Advantest (+1.3%), Tokyo Electric Power (+4.7%), and Sony Group (+4%).
Source : Trading Economics