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Nikkei edges lower as tech shares lose ground

Published July 29, 2010

| Reuters

TOKYO, July 30 (Reuters) - Japan's Nikkei average lost 0.6 percent on Friday, with tech shares down after weak outlooks from U.S. technology companies and downbeat comments by a Federal Reserve official underlined concerns about the U.S. economic recovery.

Sony Corp shares were untraded and awash with buy orders after the company lifted its annual outlook on Thursday and said it returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles.

The benchmark Nikkei shed 52.10 points to 9,643.23 but was set to end the month on a positive note, snapping a three-month falling streak. The broader Topix shed 0.4 percent to 857.47. (Reporting by Elaine Lies)

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