Japanese Shares Fall as Tech Drags
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Japanese shares fell as the Nikkei 225 Index dropped 1% and the Topix Index lost 0.4%, driven by concerns over high valuations and AI spending. Oracle's investor, Blue Owl Capital, withdrawing funding from a data center project also impacted tech sentiment. Key tech stocks like SoftBank and Fujikura saw significant losses. Investors are cautious ahead of the Bank of Japan's policy meeting, where a rate hike is expected.
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