The Nikkei 225 index fell 0.14% to close at 50,843 on Tuesday (November 11), losing gains from earlier in the session as investors took profits from rising tech stocks amid ongoing concerns over high AI valuations. Significant losses were seen in AI-related stocks such as Kioxia Holdings (-0.9%), Fujikura (-6%), Advantest (-4.1%), and Disco Corp (-4.5%).
In corporate news, Honda Motor shares rose 0.8% even after cutting its full-year profit forecast amid pressure from US tariffs and a global chip shortage, while facing increasing competition from Chinese electric vehicle manufacturers. Sony Group shares also rose 5.5% after raising its profit forecast. On the economic front, Japan recorded a record current account surplus of JPY 4.5 trillion in September as exports outpaced imports. (asd)
Source: Newsmaker.id
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