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Nikkei down 1.3%, driven by electronics and tech stocks

Nikkei down 1.3%, driven by electronics and tech stocks

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Updated October 25, 2023 at 8:16 p.m. ET

0012 GMT — Japanese stocks are lower in early trading, led by falling electronics and technology stocks, as concerns resurface over rising energy costs and borrowing in the context of the conflict in the Middle East. Avantest is down 4.9% and SoftBank Group is 3.4% lower. USD/JPY is at 150.07 from 149.85 at the close of the Tokyo Stock Exchange on Wednesday after US Treasury yields rose sharply overnight. Japanese Exchange GroupThe results will be highlighted later today. The Nikkei Stock Average was down 1.3% at 30865.43. (kosaku.narioka@wsj.com; @kosakunarioka)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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