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Japanese Market Declines

(RTTNews) - The Japanese stock market is declining on Tuesday despite the overnight rallies on Wall Street and European markets. Investors remained cautious as they await the first U.S. presidential debate set to take place later today.

The benchmark Nikkei 225 Index is down 129.04 points or 0.55 percent to 23,382.58, after touching a low of 23,347.64 earlier. Japanese stocks closed higher on Monday.

Market heavyweight SoftBank Group is advancing more than 2 percent and Fast Retailing is adding 0.6 percent.

Meanwhile, the major exporters are mostly lower despite a weaker yen. Canon is declining more than 1 percent, Mitsubishi Electric is lower by almost 1 percent and Panasonic is down 0.3 percent, while Sony is adding 0.6 percent.

In the financial sector, Mitsubishi UFJ Financial is lower by almost 1 percent and Sumitomo Mitsui Financial is down 0.5 percent.
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