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Tokyo stocks end mixed

TOKYO
2024-03-06 17:21

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TOKYO, March 6 (Xinhua) -- Tokyo stocks ended mixed on Wednesday as selling of electronics issues following declines in U.S. peers was offset by dip-buying after the Nikkei dropped below the 40,000 mark.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 6.85 points, or 0.02 percent, from Tuesday at 40,090.78, the second daily loss in a row.

The broader Topix index, meanwhile, finished 10.74 points, or 0.39 percent, higher at 2,730.67.

The Nikkei lost over 300 points in early trading, as tech shares weighed on the index tracking losses in their U.S. counterparts overnight. But the benchmark average trimmed losses as it recovered the 40,000 mark, with investors moving to buy shares that are seen as undervalued, analysts said.

On the top-tier Prime Market, decliners were led by precision instrument and electric appliance issues, while mining and transportation equipment issues were among gainers.
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