The Nikkei 225 rose 0.6% to close at 40,795 on Wednesday (August 6th), while the broader Topix Index gained 1.02% to 2,967, marking a second straight day of gains for Japanese equities. Investors shrugged off weak gains on Wall Street, where stagflation concerns were rekindled by weak US economic data.
The market also shrugged off new tariff threats from President Donald Trump, who warned of duties of up to 250% on pharmaceutical imports and potential levies on semiconductors. Domestically, data showed Japanese real wages fell for the sixth consecutive month in June, as inflation continued to outpace wage increases.
In corporate news, Mitsubishi Heavy rose 4.8% after securing a key contract to build Australia's next-generation warships. Meanwhile, Tokyo Electron fell 3.8% after Mizuho Securities downgraded the chip equipment maker from "Buy" to "Neutral." (alg)
Source: Trading Economics
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