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Japanese stocks closed lower, pressure did not decline on Wall Street, and Toshiba shares jumped


Japanese stocks closed lower on Friday for the first time in four sessions, following Wall Street, which fell overnight following the Fed’s interest rate hike, while Toshiba shares rose sharply after opening their acquisition doors.

The Nikkei index ended the session down 1.63 percent, recording 27,105.26 points, while the broader Topix index fell 1.19 percent, recording 1905.15 points. Technology stocks led the decline.

The Nikkei fell for the full week by 0.04 percent, while Topix rose 0.47 percent.

Shares of Toshiba rose 4.65 percent after the company said it would seek deals, including potential acquisitions.

Chip equipment maker Tokyo Electron led the decline in the Nikkei, which fell 2.1 percent. Shares of Fast Retailing, which operates Uniqlo stores, fell 2.7 percent, and SoftBank shares fell 3.01 percent.

All sub-indices in the Japanese stock market sector declined except for three.

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