Japanese Markets End Down as Tech Stocks Fall

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The Nikkei Stock Average ended 1.1% lower at 36657.09. Following falls in U.S. tech shares, Advantest dropped 2.9%.

Fuji Soft ended the day down 2.1% after KKR launched its tender offer Thursday. Toyota Motor fell 2.2% amid the yen’s appreciation.

The yen last stood around 143.25 against the dollar, trading near a one-month high marked in the morning. The 10-year Japanese government bond yield fell 1.5 bps to 0.870%, mirroring falls in U.S. Treasurys yields overnight.

But falls in bond yields were limited as solid Japan wage data supported expectations for further rate increases by the Bank of Japan.

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