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TOKYO Japanese shares closed lower on Wednesday, tracking cues from Wall Street’s weak overnight finish, while domestic cyclicals lost ground as concerns over the country’s pandemic-induced economic slump weighed on investor sentiment.
The Nikkei share average dropped 1.28% to close at 28,044.45, while the broader Topix lost 0.66% to 1,895.24.
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“Japanese market can’t be free from the influence of overseas markets. At the same time, Japan has its own negative factor – the government’s emergency measures to curb COVID-19 infections,” Yoshihiro Takeshige, general manager at investment management department, Asahi Life Asset Management, said.
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