Nikkei Index Drops 0.7%, Dragged Down by Electronics and Tech Stocks

Deep News01-15

Japanese stocks declined in early trading, following a record high earlier in the week spurred by speculation of an early general election. The Nikkei Index fell 0.7% to 53,976.72 points. Electronics and technology stocks led the decline. Tokyo Electron dropped 3.0%, while SoftBank Group fell 2.9%. Investors are closely monitoring the details of the election plans and any comments from government officials regarding the recent weakness of the yen.

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