Japanese Shares Fall on Tech Losses

2026-10-09 00:38 By Jam Kaimo Samonte 1 min. read

The Nikkei 225 Index dropped 1% to around 68,300 on Friday, extending losses for a third consecutive session and following an overnight selloff in US technology stocks as concerns over OpenAI’s revenue outlook weighed on the broader artificial intelligence sector.

Reports suggested that OpenAI’s annualized revenue stood at $50 billion at the end of September, below the widely reported $68 billion figure last month.

Investors are increasingly focused on whether AI-related revenue can justify the sector’s substantial investment spending, particularly as Japanese firms play a significant role in developing global AI infrastructure.

Among the biggest decliners were Advantest (-2.3%), Kioxia Holdings (-4.3%), SoftBank Group (-7.1%), Fujikura (-3.5%) and Murata Manufacturing (-3.6%).

Meanwhile, data showed that Japan’s personal spending declined for a ninth consecutive month in August, as persistent inflation continued to weigh on consumer demand.



News Stream
Japanese Shares Fall on Tech Losses
The Nikkei 225 Index dropped 1% to around 68,300 on Friday, extending losses for a third consecutive session and following an overnight selloff in US technology stocks as concerns over OpenAI’s revenue outlook weighed on the broader artificial intelligence sector. Reports suggested that OpenAI’s annualized revenue stood at $50 billion at the end of September, below the widely reported $68 billion figure last month. Investors are increasingly focused on whether AI-related revenue can justify the sector’s substantial investment spending, particularly as Japanese firms play a significant role in developing global AI infrastructure. Among the biggest decliners were Advantest (-2.3%), Kioxia Holdings (-4.3%), SoftBank Group (-7.1%), Fujikura (-3.5%) and Murata Manufacturing (-3.6%). Meanwhile, data showed that Japan’s personal spending declined for a ninth consecutive month in August, as persistent inflation continued to weigh on consumer demand.
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