J P M O R G A N Asia Pacific Equity Research 10 July 2026 Pharmaceutical Sector Weekly July 6-10: Apr-Jun results draw near The pharmaceutical sector fell 0.9% WoW the week of July 6-10, underperforming TOPIX (-0.7%). The market's interest continued to focus on AI and semiconductor-related stocks this week. While the pharmaceutical sector was favored in the first half of the week as AI and semiconductor stocks corrected, those stocks were subsequently bought back, leaving the sector unable to outperform TOP ...