Nikkei 2225 Pares Early Gains, Logs Second Straight Weekly Rise
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The Nikkei 225 rose 0.5% to 50,675, marking a second consecutive weekly gain of 0.7%, driven by strong blue-chip stocks. Japan's Topix index briefly hit a record high. Market sentiment improved due to a record budget approval for FY 2026 and potential reduction in super-long bond issuance. However, gains were limited by a drop in industrial output, slow retail sales growth, and a stable but high jobless rate. Notable stock movements included gains for SoftBank, Fast Retailing, Advantest, and Nintendo, while Sumitomo Electric and Tokyo Electric Power declined.
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