In today’s briefing:
- Japan Weekly | Stocks Surge; Retail Rises; Heavies Hover
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Japan Weekly | Stocks Surge; Retail Rises; Heavies Hover
- US Markets: Economic indicators showed signs of slowing, with the ISM Services index contracting and lower-than-expected job growth, hinting at cooling inflation and potential Fed rate cuts.
- Japan’s Market: TOPIX and Nikkei surged, buoyed by expectations of positive retail earnings and strong performance in the broader market.
- Key Stock Moves: Mercari and MHI saw significant gains due to strategic shifts and favorable sector outlooks, while Ain Holdings fell on acquisition concerns.