Nikkei's 0.9% Gain: Sector Concentration, Not Broad Rally

Japan's Nikkei 225 rose 0.9% on July 29, 2026, led by chip and auto stocks. Because the index is price-weighted — higher-priced stocks carry more influence — these sectors disproportionately drove the headline number. Concentrated leadership points to shared macro drivers like global industrial demand and currency shifts, not broad-based buying across the market.