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Japan's Nikkei retreats from 6-week high as investors lock in gains
TOKYO: Japan’s Nikkei 225 retreated from a 6-week high on Friday as investors locked in gains and turned cautious over the outlook for interest rates, inflation, and geopolitical risks. The benchmark Nikkei 225 slid 0.79% to 68,413.03, still on track for a 3% advance on the week. The broader Topix slipped 0.57% to 4,108.53. US stocks ended higher overnight as Treasury yields retreated from multi-decade highs, but the overall tone remained choppy with investors focused on the Federal Reserve’s rate trajectory and inflation risks. In Japan, data showed core inflation in Tokyo accelerated in Sept...
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