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Japanese stocks decline amid ongoing investigations into market practices
The Japanese stock market closed lower on Friday, with the Nikkei 225 index dropping 4% to close at 64,141 points, marking a weekly loss of 6.45%. The Topix index also declined by 2.70%, closing at 3,919 points. This decline came amid fears of continued widespread selling in electronic chip manufacturing companies, investor concerns over hefty spending on artificial intelligence technologies, and political worries regarding allegations of collusion between investors and acquisition funds that could impact the integrity of the Japanese financial market.
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