Reported about 2 months ago
Following a significant downturn in the Japanese stock market earlier this month, pharmaceutical stocks have rebounded to record highs as investors lean towards defensive sectors due to fears of a slowing global economy. Notably, the Topix pharmaceutical index marked its peak on August 22, showcasing a 10% increase since July and becoming the leading sector amidst a bear market. Pharmaceutical companies, viewed as more stable investments, are attracting attention for their strong earnings and potential for international growth.
Source: YAHOO