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The Independent UK
The Independent UK
National
Teresa Cerojano

Asian shares retreat after Alphabet and AI stocks nudge Wall Street to more records

Alphabet Donald Trump Tesla Inc. Elon Musk Inflation
Japan Financial Markets - (Copyright 2025 The Associated Press. All rights reserved)

Asian shares retreated on Friday after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped offset a steep tumble for EV-maker Tesla.

Japan’s Nikkei 225 fell 0.7% to 41,511.09 after two days of gains following President Donald Trump’s announcement of a trade deal that would place a 15% tax on imports from Japan. That’s lower than the 25% rate that Trump had earlier said would kick in on Aug. 1.

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