Japanese Shares Follow Wall Street Lower
2025-11-21 00:53
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 2.4% to close at 48,626 while the Topix Index shed 0.06% to 3,298 on Friday, paring the prior session’s gains and tracking another selloff on Wall Street overnight.
US stocks came under renewed pressure as worries about an AI bubble persisted and stronger-than-anticipated US employment growth reinforced expectations that the Federal Reserve will hold off on cutting interest rates in December.
Tech and AI-linked names led the decline in Japan, with SoftBank Group, Advantest, Kioxia Holdings, Fujikura and Tokyo Electron losing between 7.1% and 12.1%.
Meanwhile, Japan's cabinet approved a 21.3 trillion yen stimulus package, the largest since the Covid-19 pandemic and amplifying concerns over Japan’s fiscal health.
On the data front, Japan’s core inflation quickened to a three-month high in October, while exports topped expectations.
Japanese markets will be closed on Monday for a holiday.