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Nikkei Falls 1.0%, Dragged by Tech and Auto Stocks
Japanese stocks were lower following Thursday’s sharp gains, with the Nikkei Stock Average down 1.0% at 68263.52, as concerns about higher energy costs continue. Tech, auto, and pharmaceutical stocks are leading declines, including SoftBank Group (down 3.6%), Honda Motor (down 1.8%), and Chugai Pharmaceutical (down 2.4%). Investors are closely watching developments in the Iran conflict, crude oil prices, and bond yields.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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