Japanese Shares Extend Decline on Tech Weakness
2026-06-05 00:50
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 1.5% to below 66,500 on Friday, extending the previous session’s losses as technology and artificial intelligence-related stocks continued to face selling pressure.
Sentiment in the sector remained weak after a disappointing outlook from Broadcom reignited concerns about the AI trade.
Investors also remained cautious amid the fragile ceasefire between the US and Iran and reports of stalled negotiations, despite President Donald Trump’s assurances that discussions are in their final stages.
On the domestic front, data showed Japan’s real wages rose for a fourth consecutive month, strengthening expectations that the Bank of Japan could raise interest rates later this month.
Technology stocks led the decline, with losses from Kioxia Holdings (-2.1%), SoftBank Group (-1%), Tokyo Electron (-5.6%), Murata Manufacturing (-2.2%) and Advantest (-4.4%).