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Japan's Nikkei drops as strong yen and Wall Street losses hit sentiment
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Japan's Nikkei drops as strong yen and Wall Street losses hit sentiment
Feb 24, 2025 4:55 PM

TOKYO, Feb 25 (Reuters) -

Japan's Nikkei share average fell more than 1% in early

trade on Tuesday to its lowest level in just over a month, as a

stronger yen and Wall Street losses overnight weighed on

sentiment.

The Nikkei was down 1.6% at 38,157.15 as of 0022

GMT, while the broader Topix shed 0.7%.

The yen touched its strongest level against the dollar

since early December on Monday, weighing on exporter

shares as the market reopened after a holiday.

The Nasdaq composite closed down more than 1% on Monday,

with big technology stocks creating the biggest drag as

investors worried about demand for technology supporting

artificial intelligence while they waited for results from

market heavyweight Nvidia ( NVDA ).

Elsewhere, Itochu ( ITOCF ), Marubeni ( MARUF ), Mitsubishi

Corp ( MSBHF ), Mitsui ( MITSF ) and Sumitomo Corp ( SSUMF ) surged

after Warren Buffett said on Saturday that his conglomerate

Berkshire Hathaway ( BRK/A ) will likely increase its ownership

in the five Japanese trading houses.

(Reporting by Brigid Riley; Editing by Varun H K)

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