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ASIA ECONOMICS: Japan Shares End Lower

The Nikkei 225 closed down 123 points, or 0.6%, at 20,751 on Thursday with Sony, Asahi Kasei, Toyota and Fast Retailing among the worst performers, Trading Economics reported. Meanwhile, technology conglomerate SoftBank Group climbed almost 18% following its announcement of an own-share buyback plan. Other winners included chipmaking gear manufacturers Tokyo Electron, Screen and Disco; drugmaker Takeda; and cosmetics maker Shiseido. Investors were also cautious as U.S. and China are set to resume trade talks next week in Beijing. Meanwhile, Australia's S&P/ASX 200 climbed 66 points, or 1.1%, to 6,093 on Thursday, with almost all sectors higher, after the Reserve Bank of Australia governor Philip Lowe voiced concerns about growing economic risks and signaled that a possible rate cut is on the table. Chinese markets remained closed for the Lunar New Year holiday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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