Japanese equities endured a massive sell-off on Friday, reversing recent record-breaking gains as an institutional exit from high-flying artificial intelligence and semiconductor components rapidly accelerated across Asia.
The benchmark Nikkei 225 fell 3,005.46 points or 4.15% to close at 69,360.88 on Friday.
The Tokyo bourse followed the trend of the US markets, which saw a sell-off overnight on sales calls for AI-related shares.
Market leader Apple Inc. shed nearly $250 billion in total market capitalization during Thursday's trading session, tumbling more than 6% on macro anxieties linked to aggressive international import tariffs that threaten to inflame structural supply chain costs across East Asia.
On the corporate side, Dear Life (TYO:3245) has agreed to acquire an 895.99-square-meter, five-floor income-producing property in Arakawa-ku, Tokyo, Japan, according to a Friday filing on the Tokyo Stock Exchange.
Also, Midac's (TYO:6564) consolidated subsidiary, Taihei Kosan, plans to expand its Otsukayama Clean Center in the Kanto region by adding roughly 1.3 million cubic meters of landfill capacity, according to a Friday filing.