Japan's Nikkei slumps as Wall Street tech selloff bites
EWJ•Japan's Nikkei 225 fell 1.71% to 61,832.66 in early trading on Friday, while the Topix slipped 1.26% to 3,947.11, tracking a tech-led Wall Street selloff.
1. Japanese shares fall
The Nikkei 225 fell 1.71% to 61,832.66 in early trading, and the broader Topix slipped 1.26% to 3,947.11. There were 96 advancers on the Nikkei against 120 decliners.
2. Technology stocks lead declines
The Nasdaq fell 2.6% and the S&P 500 dropped 1.21% on Thursday, with technology leading sector losses as investors rotated into consumer staples and healthcare. Nvidia sank about 4%, Meta dropped 7% after earnings as investors focused on its AI spending, and Tesla fell 3.1% after earnings and a cut to its 2026 capital spending plans.
3. Gainers and decliners
Sumco was the Nikkei's biggest decliner, down 8.95%, followed by Disco, down 7.59%, and Mitsui Kinzoku, down 6.65%. Aeon led gainers, up 3.98%, followed by Sapporo Holdings, up 3.74%, and Kikkoman, up 3.69%, on track for its highest close since July 2024.
