News Snapshot:
In Japan, the Nikkei 225 was up 1.14% at 28,871.78, as the yen strengthened 0.02% on the dollar to last trade at JPY 133.39. Automation specialist Fanuc was up 1.33%, fashion firm Fast Retailing added 0.92%, and technology conglomerate SoftBank Group jumped 5.17%. The broader Topix index was 0.6% firmer by the end of trading in Tokyo, settling at 1,984.96. Japan’s economy recovered beyond pre-Covid levels in the second quarter, with GDP expanding at 2.2% year-on-year, although that was below consensus expectations for 2.6% growth. The world’s third-largest economy’s size stood at JPY 542.1trn (£3.36trn) at the end of the...
