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Japan's Nikkei falls for eighth straight day amid a broader gain in Asia-Pacific markets

Asia-Pacific markets mostly rebounded Friday, after Thursday's sell-off saw some indexes in the region hit their lowest level in months.

Japan's Nikkei 225 was the notable outlier, extending losses for an eighth straight day to 37,667.41, down 0.53%. The Topix lost 0.38% to close at 2,699.54, its lowest since April 26.

Renesas saw a 29% drop in net profit for the first half of the year, with Nikkei reporting that President Hidetoshi Shibata admitted that the firm "misjudged demand for industrial equipment." Unlike most Japanese companies, Renesas' financial year starts on Jan. 1.

The sell-off on Thursday resulted in 760 billion yen ($4.9 billion) being wiped off its market capitalization in a single day.

Some Japanese automakers also fell, with Nissan down 3.88% after announcing dismal results for its first quarter ended June 30. Operating profit collapsed over 99% year on year, while net profit tumbled 72.9%.

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