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Japanese Stocks End in Red on Global Tech Selloff Amid Weak Cash Flow; Oil Gains

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Japanese stocks fell on a global sell-off in technology stocks amid growing investor concerns over artificial intelligence investments after weaker-than-expected cash flow results from US BigTech companies.

The benchmark Nikkei 225 closed down 1,811.45 points, or 2.73%, at 64,611.15

Oil prices continued their upward trend as hostilities in the Middle East dashed hopes of early US-Iran talks, and attacks on Saudi oil tankers by the Iran-backed Houthis in the Red Sea raised risks of global energy supply disruptions.

On the corporate side, Nissan Motor (TYO:7201) signed a multi-year deal to supply its Formula E Gen4 powertrain to Andretti Formula E starting in season 13.

Also, Mitsubishi Materials (TYO:5711) filed for the listing of 70 billion yen bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Friday.

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Tcm Biotech's Safety Trial for UTI Drug to Continue After Review

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Market Chatter: Indian Billionaire Gautam Adani Considers Entering Airline Business

The group of Gautam Adani is considering launching a new airline, Reuters reported Thursday, citing two sources with direct knowledge of the matter.The report said no final decision has been made, with the group still evaluating the proposal given the challenges of generating profits in the airline industry.The Indian government has privately encouraged several business groups, including Adani, to consider starting an airline as Air India dealt with the aftermath of last year's fatal Ahmedabad crash and IndiGo faced operational disruptions, according to the report.Adani Enterprises (NSE:ADANIENT, BOM:512599), the Indian billionaire's flagship company, did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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