The Japanese "Nikkei" index reduced its losses, dropping 0.4% to close at 33,189.04 points after a previous decline of 0.9% earlier in the session. The index recorded weekly gains of 1.24%, recovering from losses at the beginning of the week after ten consecutive weeks of increases. Earlier this month, the Nikkei reached its highest level in three decades, supported by a boom in semiconductor-related companies and a influx of investments in trading firms after billionaire investor Warren Buffett announced he was increasing his investments in this sector.
However, foreign investors turned into net sellers of Japanese stocks last week for the first time after twelve consecutive weeks of buying. The broader "Topix" index fell 0.33% to close at 2,288.60 points.
