Global shares slip on selling of tech stocks after a lackluster day on
Wall Street
[October 22, 2025] By
YURI KAGEYAMA
TOKYO (AP) — Global shares were mostly lower Wednesday on selling of
technology shares following a lackluster day on Wall Street.
France's CAC 40 fell 0.5% in early trading to 8,213.90. The German DAX
dipped 0.3% to 24,251.58. Britain's FTSE 100 climbed 0.6% to 9,487.52.
The futures for the S&P 500 and the Dow Jones Industrial Average were
little changed. On Tuesday, the S&P 500 was nearly flat and the Dow
gained 0.5%. The Nasdaq composite index lost 0.2%.
In Asian trading, Chinese markets retreated after U.S. President Donald
Trump cast doubt on whether or not he will meet with Chinese leader Xi
Jinping later this month.
“Maybe it won't happen, maybe it won't happen,” he said while hosting a
lunch for Republican Party senators at the White House.
However, Trump also said he was expecting “to do well” in negotiations
with China.
“I’m going to see President Xi in two weeks. ... We’re going to meet in
South Korea, ” he said. “We’re going to talk about a lot of things they
want to discuss.”
Trump is traveling in the next several days to Japan and South Korea, in
part, to finalize the terms of investments from those countries as part
of an agreement to minimize the tariff rates Trump is charging on
foreign goods.
Hong Kong’s Hang Seng dropped 0.9% to 25,781.77, while the Shanghai
Composite index inched down less than 0.1% to 3,913.76.
Japan’s benchmark Nikkei 225 wavered between slight gains and losses a
day after its parliament chose Sanae Takaichi to be its first female
prime minister.
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Currency traders watch monitors near a screen showing the Korea
Composite Stock Price Index (KOSPI) at the foreign exchange dealing
room of the Hana Bank headquarters in Seoul, South Korea, Tuesday,
Oct. 21, 2025. (AP Photo/Ahn Young-joon)
 It closed almost flat at 49,307.79,
pulled lower by declines for tech companies like SoftBank Group
Corp., whose shares fell nearly 5%.
The government reported that Japan’s exports grew 4.2% in September
from a year earlier, boosted by robust shipments to Asia that offset
a 13% decline in those destined for the U.S. Auto shipments fell 24%
as they were hit hard by Trump’s tariff hikes.
Australia's S&P/ASX 200 lost 0.7% to 9,030.00, while South Korea's
Kospi rose 1.6% to 3,883.68.
Upcoming corporate earnings reports also can provide details on the
strength of the U.S. economy at a time when the U.S. government’s
shutdown has delayed important economic updates. That’s making the
job of the Federal Reserve more difficult, as it tries to decide
whether high inflation or the slowing job market is the bigger issue
for the economy.
Despite the shutdown, the Commerce Department will release its
consumer prices report on Friday, which could help guide the Fed’s
interest rate policy. It will be the government’s first data release
since the shutdown began on Oct. 1.
In energy trading, benchmark U.S. crude oil rose 96 cents to $58.20
a barrel. Brent crude, the international standard, jumped 99 cents
to $62.31 a barrel.
In currency trading, the U.S. dollar fell to 151.71 Japanese yen
from 151.93 yen. The euro fell to $1.1594 from $1.1600.
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