Japan's Topix hits record high despite US tariffs on pharma


FILE PHOTO: A man walks past a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan,September 8, 2025. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO: Japan's broad Topix index rose to an all-time high on Friday, despite pressure from pharmaceutical shares following new tariffs on the sector from the White House overnight.

The tech-heavy Nikkei index, however, retreated from a record-high close seen on Thursday, as chip-sector shares echoed a downbeat overnight performance among the U.S. peers.

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