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TOKYO Japanese shares fell on Friday as lackluster earnings reports and profit forecasts from technology firms, and a spike in domestic infections of the novel coronavirus weighed on investor sentiment.
The Nikkei 225 Index was down 0.46% at 28,920.24, as of 0200 GMT, while the broader Topix edged 0.07% lower to 1,907.67.
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Japanese tech stocks led the declines as investors sifted through latest earnings reports and sold shares of companies that failed to live up to their lofty expectations for a robust rebound this year, analysts said
By Reuters Staff
2 Min Read
TOKYO, April 30 (Reuters) - Japanese shares ended lower on Friday, weighed down by technology firms’ disappointing outlook, while a spike in domestic COVID-19 infections hit investor sentiment.
The Nikkei 225 Index fell 0.83% to close at 28,812.63, while the broader Topix slipped 0.57% to 1,898.24.
Japanese tech stocks led the declines, as investors sifted through latest earnings reports and sold shares of companies that failed to live up to their lofty expectations for a robust rebound this year, analysts said.
Investors are also growing more worried about COVID-19, as new infections in Tokyo and Osaka are rising even after the declaration of a state of emergency for the two cities at the start of this week, analysts said.
Nikkei falls on disappointing tech outlook, pandemic concerns
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Last Updated: Apr 30, 2021, 03:01 PM IST
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Synopsis
Japanese tech stocks led the declines, as investors sifted through latest earnings reports and sold shares of companies that failed to live up to their lofty expectations for a robust rebound this year, analysts said.
AP
The Nikkei 225 Index fell 0.83% to close at 28,812.63, while the broader Topix slipped 0.57% to 1,898.24.
TOKYO: Japanese shares ended lower on Friday, weighed down by technology firms disappointing outlook, while a spike in domestic COVID-19 infections hit investor sentiment.
The Nikkei 225 Index fell 0.83% to close at 28,812.63, while the broader Topix slipped 0.57% to 1,898.24.
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