The Nikkei 225 dipped 0.1% to around 40,510 on Wednesday, while the broader Topix Index rose 0.6% to 2,955, with Japanese shares showing mixed performances following an overnight selloff on Wall Street. Sentiment was weighed down by weak US economic data that revived stagflation concerns, alongside fresh trade threats from President Donald Trump, who floated tariffs of up to 250% on pharmaceutical imports and potential levies on semiconductors. On the domestic front, data showed real wages in Japan declined for the sixth consecutive month in June, as inflation continued to outpace pay increases, raising fresh concerns about consumer spending. In sector moves, technology stocks struggled, with losses from Disco (-2.8%), Tokyo Electron (-3.2%) and Advantest (-1.5%). On the upside, Mitsubishi Heavy surged 3.3%, Tokyo Electric gained 3.2%, and IHI Corp advanced 1.4%.