Nikkei 225 Stalls at New High as Japan GDP Growth Slows

The Nikkei 225 Index held steady at its highest level since July 10, despite weak Japan GDP data showing a slowdown in growth. The index reached 68,935 points, up by 14% from its lowest level on July 29.

Japan's economy expanded by 1.1% in the second quarter, missing expectations of 2% growth. Soft domestic demand offset soaring exports and the impact of the US-Iran war.

The Japanese yen staged a cautious rebound, pulling back to 159 against the USD/JPY pair. Traders await the Bank of Japan's response, hoping for intervention to stabilize the yen.