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Nikkei Falls on Tech Sector Worries
The Japanese Nikkei index declined by over 3.7%, reaching 64,108.44 points, amid concerns over technology company valuations and rising tensions in the Middle East. The broader Topix index also fell by 2.19% to 3,863.09 points, while American tech stocks experienced a sharp drop following the strong jobs report for May and expectations of a more hawkish monetary policy from the Federal Reserve.
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