Nikkei may fall after Friday's selloff in US tech stocks
Nikkei futures on SGX are lower and the index fell 2.1% on Friday as AI-linked US technology shares sold off, Market Talk reports.
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what happened
According to Market Talk, Japanese stocks may open lower after Friday's selloff in US technology companies tied to artificial intelligence. Nikkei futures on SGX were down 1.1% at 62,685. The Nikkei Stock Average itself fell 2.1% on Friday to 63,290.11.
The dollar traded at 157.64 yen, versus 157.56 yen at Friday's Tokyo close. Investors in Japan are focused on corporate earnings, with Japan Airlines and Sumitomo Corp. due to report on Monday.
Separately, Market Talk reports that the Reserve Bank of Australia is expected on Tuesday to lift its cash rate to 4.85% from 4.60%. That would be the highest level in 18 years, and the move is almost fully priced in by markets.
why it matters
Weakness in US tech usually spreads to Asian markets through earnings expectations and risk appetite. The dollar-yen pair is holding near 157, so both currency moves and this week's company results matter for the yen and exporters. The RBA decision matters for the Australian dollar and shows central banks still willing to tighten to fight inflation.
market impact
Japanese stocks: weakness in US tech pressures the Nikkei; AUD: the expected RBA hike supports the currency
- Nikkei 225 pressure down — the selloff in US technology shares is spreading to the Japanese market
- AUD/USD pressure up — an almost fully priced RBA rate hike supports the Australian dollar
tags
instruments
sources
- Nikkei May Decline After U.S. Tech Selloff on Friday — Market Talk, 1 November 2026 at 23:47 UTC
- Nikkei May Decline After U.S. Tech Selloff on Friday — Market Talk, 1 November 2026 at 23:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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