Japan’s stock market closed lower on Friday, reflecting a trend seen across much of Asia as electronics and technology-related shares exerted downward pressure on the benchmark index. The Nikkei Stock Average fell by 2.6%, finishing at 38,053.67.
Significant losses were reported among major tech companies, with Hitachi experiencing a drop of 6.2%. SoftBank Group, a heavyweight in the index, declined by 5.6%, while NTT Data Group and Fujitsu saw losses of 5.5% and 9.0%, respectively. The automobile sector also faced challenges, as Suzul Motor dropped 4.3% and Isuzu Motors lost 3.6%.
Overall, the broad decline in technology and automobile stocks contributed to the negative performance of Japan’s markets.
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