Japanese Shares Track Wall Street Lower
2025-11-05 00:53
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell more than 4% to toward 49,000 while the broader Topix Index dropped 3% to 3,212 on Wednesday, extending losses from the previous session and mirroring Wall Street’s overnight selloff amid renewed concerns over lofty AI valuations.
Warnings from Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick about potential market drawdowns over the next two years further dampened sentiment.
Tech and AI-related stocks led the decline, with SoftBank Group, Advantest, Lasertec, Fujikura, and Tokyo Electron plunging between 3.2% and 9.4%.
Other major names also weakened, including Mitsubishi UFJ (-1.7%), Toyota Motor (-2%), and Mitsubishi Heavy Industries (-3.2%).
On the domestic front, investors looked ahead to key economic releases this week for clues on the Bank of Japan’s policy outlook, as speculation builds over a possible rate hike in December.