Japan’s Nikkei index ended trading lower, under pressure from sales of technology stocks

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Japanese stocks ended the first day of trading this week lower, due to sharp losses incurred by “Yaskawa Electric” share, after the leading technology group announced profits that failed to meet market expectations, which triggered a wave of selling in the rest of technology stocks.

The Nikkei index fell 0.77% to close at 29,538.73 points.

The broader Topix index closed down 0.25% to 1,954.59 points.

The shares of “Yaskawa Electric”, which makes robots, which is the company that gives a major indicator of the direction of profits of manufacturers in Japan, lost 7.11% after the profits of the February quarter fell below investor expectations.

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