Japanese Stocks Retreat as Renewed Tech Weakness

2026-10-30 00:47 By Jam Kaimo Samonte 1 min. read

Japan’s Nikkei 225 Index fell 1.3% to below the 64,000 level on Friday, snapping a three-day winning streak as technology shares faced renewed selling pressure following disappointing earnings from major US tech companies.

In after-hours trading, Amazon shares plunged around 7% after announcing a sharp increase in capital expenditures, while Intel tumbled 23% after issuing a weaker-than-expected quarterly outlook and signaling a slowdown in the PC market.

On the domestic front, investors are awaiting earnings reports from Kioxia Holdings and Tokyo Electron for further indications of AI-related demand, with their shares declining 6% and 3.6%, respectively.

Other major technology stocks also recorded steep losses, including Advantest (-6.1%), SoftBank Group (-4.9%) and Lasertec (-9.1%).

Meanwhile, market participants turned their attention to the upcoming Bank of Japan policy announcement, with policymakers widely expected to leave interest rates unchanged.



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