Tokyo Nikkei 225 down 1.16% at 39,599 points (Il Sole 24 Ore Radiocor) - Tokyo , 22 Jul - Japanese shares closed lower, dropping for a fourth straight session amid weak Asian markets.

The Nikkei index closed down 1.16% at 39,599 points, slipping below the 40,000-point mark and further retreating from near all-time highs.

In Tokyo stock market dealings chip-related stocks including Tokyo Electron and Advantest extended a recent selloff as chipmakers tracked their US peers lower on profit taking after a recent rally, with expectations of US interest rate cuts sparking a pivot into economically sensitive sectors.

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(RADIOCOR) 22-07-24 08:32:57 (0122) 5 NNNN