Overview

• Japan’s Yomiuri 333 index climbed 279.64 yen to a record 38,976.23 after Economic Minister Akazawa secured tariff exemptions, boosting export-linked firms
• The Nikkei 225 edged up 3.95 yen to close at 40,798.81 as exporters gained even with a projected 10.2% fall in Q2 aggregate net profits
• Manufacturing net profits are forecast to drop 22.7% and transport equipment earnings by 42.1% as U.S. duties weigh on key Japanese industries
• The Dow Jones Industrial Average dipped 224.48 points to 43,968.64 on August 7 after initial U.S. jobless claims unexpectedly rose to 226,000
• The Nasdaq Composite hit a record close of 21,242.70, propelled by a rally in tech shares following Apple’s announcement of a $100 billion U.S. investment to sidestep additional tariffs