Japanese Shares Follow Wall Street Higher
The Nikkei 225 rose 0.1% to around 39,810, while the broader Topix Index added 0.2% to 2,835 on Friday, marking a second straight day of gains for Japanese equities.
The rally followed a strong lead from Wall Street, where major US benchmarks hit fresh record highs after robust June jobs data helped ease concerns over a potential economic slowdown. Investors also monitored ongoing trade developments, with reports suggesting President Donald Trump may soon announce revised tariff rates or extend the July 9 deadline for several countries.
On the domestic front, household spending in Japan rebounded more than expected in May, supported by Tokyo’s intensified efforts to stimulate consumption. Among the top gainers were Tokyo Electric Power (+4.5%), Mizuho Financial (+1.7%), and Keyence (+1.8%).
Despite recent gains, both the Nikkei and Topix remain on track to post weekly losses, as persistent trade uncertainties continued to weigh on market sentiment earlier in the week.
Source: Trading Economics
