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Reuters reports that Japanese shares followed Wall Street lower, with technology stocks weighing on the market.


Japanese shares fell on Friday, with technology heavyweights tracking Nasdaq's 1% fall overnight, as fears of inflation and higher interest rates stoked risk aversion.
The Nikkei share average (.N225) lost 1.5% to 27,365.50 by 0221 GMT, after dropping as much as 2.3%. The broader Topix (.TOPX) fell 1.02% to 1,918.77.
The Nikkei was down 2.6% for the week, while the Topix was 2.9% lower.
Kazuharu Konishi, head of equities at Mitsubishi UFJ Kokusai Asset Management, said the market tracked the Wall Street and chip-related shares became a target of a sell-off after the Nasdaq's losses.
Investors will remain cautious about making any positive or negative comments about U.S. rates until the Federal Open Market Committee meets next week.
The main indexes on Wall Street ended sharply lower overnight, as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into a correction territory.
Tokyo Electron (8035.T), Advantest and Shin-Etsu Chemical (4063.T) stocks related to chips fell, with Tokyo Electron (8035.T) losing 6.3%, Advantest dropping 4.18% and Shin-Etsu Chemical (4063.T) losing 2.46%.
Toyota Motor (7203.T) fell 2.45% after the automaker said it would slow production at as many as 11 plants in Japan because of rising COVID-19 infections among its workers and those at parts suppliers.
As the coronavirus infections surge to a record, Japan's western prefecture of Osaka and two neighbouring regions are expected to join in a declaration of COVID-19 prevention measures, which already cover the capital Tokyo and a dozen other regions.
Despite the wider curb, airline and railway shares advanced, with ANA Holdings gaining 1.57% and West Japan Railway rising 1.56%.

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