Tokyo stocks drop in morning on tech falls

Tokyo stocks fell Wednesday morning with technology shares tracking overnight declines of their US counterparts, reported Kyodo News.

The 225-issue Nikkei Stock Average fell 531.71 points, or 1.37 percent, from Tuesday to 38,303.39.

The broader Topix index was down 33.52 points, or 1.22 percent, at 2,712.70.

The Nikkei stock index expanded losses during the morning session after the US Nasdaq index fell overnight, while some investors locked in gains following the previous day’s sharp rise.

Source: www.wam.ae

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