The Nikkei 225 index jumped 1.71% to 43,378, while the broader Topix index rose 1.63% to 3,108 on Friday (August 15), recovering from the previous session's decline as stronger-than-expected GDP data boosted sentiment.
Japan's economy grew 0.3% in the second quarter, up from 0.1% growth in the first quarter, which also matched the consensus forecast. This positive surprise was primarily driven by net exports, which added 0.3 percentage points to growth despite headwinds from US tariffs. Globally, higher-than-expected US producer price inflation dampened speculation of a half-point Federal Reserve interest rate cut next month.
The top gainers included Lasertec (+8.3%), Mitsubishi UFJ (+6%), SoftBank Group (+6.4%), Sumitomo Mitsui (+4.6%), and Tokyo Electric (+1.2%). Over the week, the Nikkei and Topix gained 3.73% and 2.76%, respectively. (alg)
Source: Trading Economics
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