Japan's Nikkei slips on tech investment concern; Tokyo Electron plunges

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Japan's Nikkei share average slid on Friday, dragged lower by chip-related stocks on concerns about continued investments by major tech players.
Tech heavyweight Tokyo Electron plunged 18%, the most in almost a year. Chip-testing equipment maker Advantest dropped 1.3%.
The Nikkei 225 Index closed 0.6% lower, capping off a weekly decline of 1.6%.
The broader Topix edged up 0.2%, largely on the back of gains in utility stocks.
There were 171 gainers on the Nikkei index against 54 decliners..

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