Published on 12/11/2025 at 02:10 am EST
(Reuters) - Japan's Nikkei share average fell on Thursday, with SoftBank Group leading declines as it tracked a sharp fall in Oracle after the U.S. tech giant missed Wall Street forecasts.
The Nikkei closed 0.9% lower at 50,148.82, after rising as much as 0.5% earlier in the session.
The broader Topix fell 0.94% to 3,357.24, after opening at a record high of 3,410.97.
SoftBank Group tanked 7.69% to track Oracle's more than 11% decline in extended trading after the company's sales and profit forecast missed Wall Street expectations.
Earlier this year, SoftBank Group, along with Oracle and OpenAI, announced plans to develop artificial intelligence data centers in the U.S to build out their ambitious Stargate project.
"The Nikkei opened higher to track overnight Wall Street's rises, but the gains were erased by declines of SoftBank Group," Tokai Tokyo Intelligence Laboratory market analyst Shuutarou Yasuda said.
"The earnings of Oracle raised concerns if the data centre project, in which SoftBank Group is involved, would proceed as expected," he said.
Overnight, Wall Street ended higher, after the Federal Reserve cut interest rates by 25 basis points as expected and investors bet on further easing down the road, even as the U.S. central bank signaled that it will put further cuts on pause for now.
In Japan, other technology stocks fell, with chip-making equipment maker Tokyo Electron slipping 1.57%. Silicon wafer maker Shin-Etsu Chemical declined 3.94% and a robot maker Fanuc lost 2.19%.
Bank shares gave up their early gains to fall, with Mizuho Financial Group and Sumitomo Mitsui Financial Group slipping 1.14% and 0.39%, respectively.
Bucking the trend, chip-testing equipment maker Advantest jumped 4.42%.
Trading house Mitsui & Co jumped 4.85% to become the Nikkei's top percentage gainer.
Of the more than 1,600 shares trading on the Tokyo Stock Exchange's prime market, 12% rose, 84% fell, and 2% traded flat.
(Reporting by Junko Fujita; Editing by Rashmi Aich)
Sumber : Reuters
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