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Japanese Stocks Close Lower Due to Decline in Key Tech Shares

Tokyo: Japanese stock indexes closed lower at the end of trading on Thursday.

According to Qatar News Agency, the Nikkei index fell 1.36 percent to close at 67,470.69 points, marking its most significant decline since May 15. This downturn came a day after the Nikkei reached a milestone by closing above the 68,000-point level for the first time.

The broader Topix index also experienced a decline, falling 1.11 percent to end the session at 3,951.85 points. The decrease was largely influenced by key technology shares, which saw substantial drops during the trading session.

Shares of Broadcom fell more than 13 percent, while shares of technology investment group SoftBank Group dropped 11.3 percent. These declines made the largest negative contributions to the Nikkei index. Additionally, shares of companies involved in manufacturing materials for data centers, such as Ebiden and Fujikura, saw decreases of 8.1 percent and 3.9 percent, respectively.

In contrast, some semiconductor-related stocks experienced gains. Shares of semiconductor equipment maker Tokyo Electron rose 4.5 percent, and chip-design company Disco saw a 5.1 percent increase, bucking the overall market trend.

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