Japanese Shares Track Wall Street Lower

2025-11-07 00:41 By Jam Kaimo Samonte 1 min. read

The Nikkei 225 Index fell 1.19% to close at 50,276 while the broader Topix Index lost 0.44% to 3,299 on Friday, reversing gains from the previous session and tracking a tech-led selloff on Wall Street overnight amid renewed concerns about lofty AI valuations and signs of a slowing US labor market.

Major US AI stocks slumped, including Nvidia, AMD, Palantir, Microsoft, and Broadcom.

In Japan, SoftBank Group (-6.9%) led the decline due to its heavy exposure to AI investments, followed by Advantest (-5.5%), Fujikura (-5.2%), and Disco Corp (-4%).

Industrial and consumer names also weakened, with notable losses from Mitsubishi Heavy Industries (-3.7%), IHI Corp (-3.8%), Nintendo (-1.4%), and Sanrio (-1.4%).

Meanwhile, Recruit Holdings surged 16.1% after reporting stronger-than-expected earnings and raising its forecast on solid growth in HR tech business.

For the week, the Nikkei and Topix are declined 4.07% and 0.99%, respectively.



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