Asia markets edge down with spotlight on tech, central banks

December 05, 2025 (MLN): Asia markets opened mostly lower on Friday, mirroring the cautious tone seen on Wall Street as global investors await several key central bank decisions.

Australia’s S&P/ASX 200 edged down 0.17%, while Japan’s Nikkei 225 dropped 1.36%, pressured by rising bond yields.

The Topix also slid 1.12%. Japan’s 10-year government bond yield climbed to 1.94%, the highest level since July 2007, according to LSEG data, raising concerns about tightening financial conditions.

South Korea’s Kospi traded slightly below the flatline, and the Kosdaq slipped 0.25% in early trade.

In Hong Kong, the Hang Seng Index dipped 0.48%, while China’s CSI 300 opened virtually unchanged, according to CNBC.

A major highlight in the region was the blockbuster debut of Moore Threads, a Beijing-based GPU maker often dubbed “China’s Nvidia.”

Its shares skyrocketed more than 400% during its first trading session in Shanghai following a $1.1bn IPO, showing strong investor enthusiasm toward China’s fast-growing semiconductor sector.

Tech stocks remained at the center of market focus amid renewed bubble concerns. SoftBank Group gained nearly 4% in early Tokyo trading its third straight session of advances before trimming gains to trade roughly 1% higher.

Chairman Masayoshi Son earlier played down the company’s decision to divest its entire Nvidia stake, admitting he “was crying” as he parted with the shares.

Investor attention is also turning to the Reserve Bank of India, which will announce its latest interest rate decision later in the day.

On Wall Street, U.S. markets delivered a mixed performance overnight. The S&P 500 inched up 0.11% to close at 6,857.12, while the Nasdaq Composite added 0.22% to finish at 23,505.14.

The Dow Jones Industrial Average slipped a modest 31.96 points, or 0.07%, to end at 47,850.94 as traders looked ahead to next week’s Federal Reserve policy meeting.

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