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Japan’s Nikkei Suffers 2% Drop as Semiconductor Stocks Decline

Japan: Japan’s Nikkei share average closed 2% lower on Tuesday, primarily driven by a decline in semiconductor-related stocks. This downturn followed a significant drop in South Korea’s Samsung Electronics, which caused the benchmark KOSPI to tumble.
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Japan’s Real Wages See Sustained Growth in May

Japan: Japan’s real wages increased by 1.4% in May compared to the previous year, continuing a growth trend for the fifth consecutive month. This marks the longest period of sustained wage growth since a seven-month streak in 2021, as revealed by gove…