Japan's benchmark indexes extended weekly gains to nearly 5%, and the broader Topix crossed 3,000 for the first time. SoftBank Group swung to a profit in the latest quarter as the company's investments in artificial intelligence increased in valuations.
Japan's benchmark indexes extended a 3-day rally as investors focused on corporate results. Toyota Motor estimated nearly $10 billion in expenses linked to the U.S. tariffs. Sony Group reported higher profit, driven by gaming and entertainment divisions.
China's exports accelerated in July as shipments rose to ASEAN, the European Union, Africa, and Latin America. Exports to the U.S. fell at a faster pace following a sharp increase in import taxes.
The Nikkei 225 advanced for the second consecutive session as investors shifted their focus to interim results away from ongoing trade tensions with the U.S. Japan's real wages declined for the sixth consecutive month in June, and pay gains were overshadowed by faster inflation.
Japan's benchmark indexes rebounded, mirroring gains on Wall Street. Mitsubishi Heavy won an A$10 billion frigate order from the Australian Navy. Nintendo retained its annual outlook, despite strong results in the latest quarter.
China stocks edged higher in cautious optimism as the earnings season picks up pace. U.S. rate-cut expectations boosted property developers in Hong Kong.
Japan's benchmark indexes lacked direction ahead of the BoJ's rate decisions and a flood of earnings later in the week. Japan issued a tsunami warning after an earthquake hit Russia's Far Eastern Kamchatka Peninsula on Wednesday.
Stalled U.S.-China trade talks in Stockholm produced a muted reaction in stock markets in China and Hong Kong as investors remained focused on earnings.
Japan's benchmark indexes declined for the third consecutive day after the initial optimism about recent trade deals waned. Nomura Research reported strong quarterly results, as the earnings season picks up momentum this week.
