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Japan's Nikkei slides as Gulf tensions prompt shift out of high-flying tech stocks

Business Recorder

Japan's Nikkei slides as Gulf tensions prompt shift out of high-flying tech stocks

TOKYO: Japan’s Nikkei share average retreated on Wednesday as renewed Middle East tensions prompted investors to rotate out of high-flying technology stocks sensitive to energy prices. The benchmark Nikkei 225 Index sank 1.89% to close at 64,179.27, reversing course from a 2.1% surge in the prior session. The broader Topix slid 1.25% to 3,847.60. The United States launched strikes against Iran on Tuesday in retaliation for the downing of a military helicopter, deepening doubts over a potential...

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