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Tokyo stocks end lower over tech share losses

0 Comment(s)Print E-mail Xinhua, May 8, 2024
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TOKYO, May 8 (Xinhua) -- Tokyo stocks closed lower on Wednesday tracking overnight losses of high-tech issues in Wall Street, while investors were cautious about possible forex interventions.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 632.73 points, or 1.63 percent, from Tuesday to close the day at 38,202.37.

The broader Topix index, meanwhile, finished 39.79 points, or 1.45 percent, lower at 2,706.43.

Market watchers here noted that uncertainties in high-tech issues in Tokyo dragged down the Nikkei index after semiconductor-related stocks suffered losses in the U.S. stock market.

Analysts also pointed out a strong sentiment of vigilance against the possible yen-buying intervention by the Japanese government.

On the top-tier prime market, decliners were led by insurance, wholesale trade and electric appliance issues.

Issues that declined outpaced those that advanced by 1,130 to 466, while 55 ended the day unchanged. Enditem

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