Technology stocks limit Nikkei gains

Japanese market indices temporarily rose today, although the Nikkei 225 is on track to record a weekly loss despite improved sentiment. It saw a modest increase of 0.74% to approximately 69,244 points, while overall it declined by 0.17% for the week. Positive data from the services sector helped support the market, despite pressure on tech stocks resulting from a decline in the US Nasdaq and expectations of interest rate hikes, as investors continue shifting toward other sectors such as cyclical and consumer stocks.

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