Japan’s Topix index reached a record high on Friday. This happened despite pharmaceutical shares facing pressure. The Nikkei index, however, declined after a record close. Real estate performed well, while pharma struggled. Chip-related shares also saw a sharp drop. Masayuki Kichikawa remains optimistic about Japanese equities. He cited healthy economic fundamentals and reasonable valuations.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets