The Nikkei 225 fell 0.2% to around 50,060 on Friday, ending a three-day winning streak as technology stocks pulled back amid signs that the recent rebound was losing momentum.
Tech shares faced pressure through most of November over concerns about stretched AI valuations.
Still, the benchmark is on track to finish the week higher, supported by soft US economic data and dovish signals from policymakers that boosted expectations for further Federal Reserve rate cuts.
Notable declines came from tech and AI-linked names, including Kioxia Holdings (-2%), SoftBank Group (-0.8%), Fujikura (-0.5%), Advantest (-0.2%) and Lasertec (-0.5%).
On the economic front, Tokyo’s core inflation remained steady in November, keeping the Bank of Japan on course for a potential interest rate hike in the coming months.
October industrial production and retail sales also beat market expectations.
AloJapan.com