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Japan Shares' Worst Week
Japan’s Nikkei index posted its worst weekly performance since March 2020, falling 9.3% over the week and closing 6% lower on Friday at 57,434.77 points. The decline came as technology, chip and AI stocks retreated, weighed down by losses on Wall Street and concerns that Democratic control of the U.S. Congress could hinder the expansion of AI infrastructure. The Topix fell 5.9%, while SoftBank shares dropped 10.8%.
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