Japanese Shares Drop as Yen Strengthens
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Japanese shares fell on Monday, with the Nikkei 225 Index down 1.4% and the Topix Index down 1.8%, as the yen strengthened amid concerns of a potential joint intervention by Tokyo and Washington. The yen's rise negatively impacts Japan's export-heavy sectors, leading to declines in major stocks like Toyota (-3.9%), Sony (-2.2%), and Fast Retailing (-1.8%). Financial and technology stocks also suffered, with Sumitomo Mitsui down 2.4% and SoftBank Group down 4.2%.
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