World shares retreat after falling tech stocks pull Wall Street lower
[November 07, 2025] By
ELAINE KURTENBACH
BANGKOK (AP) — Shares were mostly lower in Europe following a retreat
Friday in Asia after losses for influential technology stocks pulled
Wall Street benchmarks lower.
U.S. futures edged higher and oil prices advanced.
Germany's DAX edged 0.1% lower and the CAC 40 in Paris was little
changed at 7,965.31. Britain's FTSE 100 lost 0.4% to 9,696.82.
The future for the S&P 500 was up 0.3% and that for the Dow Jones
Industrial Average rose 0.2%.
In Asian trading, Japan's Nikkei 225 index fell 1.2% to 50,276.37.
China reported that its exports contracted 1.1% in October, as shipments
to the United States dropped by 25% from a year earlier. But economists
expect Chinese exports to recover after U.S. President Donald Trump and
Chinese leader Xi Jinping agreed last week to de-escalate the trade war
between the two largest economies.
Hong Kong's Hang Seng index fell 0.9% to 26,241.83, while the Shanghai
Composite index slipped 0.3% to 3,997.56.
South Korea's Kospi shed 1.8% to 3,953.76 and Taiwan's Taiex lost 0.9%.
In Australia, the S&P/ASX 200 skidded 0.7% to 8,769.70.
Concerns over technology industries have helped drive markets up and
down all week.
On Thursday, the S&P 500 fell 1.1% and the Dow industrials declined
0.8%. The Nasdaq composite fell 1.9%.
The biggest weights on the market included Nvidia, which dropped 3.7%,
and Microsoft, which fell 2%. Their huge values give them outsized
influence over the market's direction. Other big stocks dragging down
the market included Amazon, which slumped 2.9%.
Elon Musk won a shareholder vote on Thursday that would give the Tesla
CEO stock worth $1 trillion if he hits certain performance targets over
the next decade. The company's shares, already up 80% in the past year,
fell but then rose in after-hours trading, ending at $445.91.
Corporate earnings and forecasts remained the big focus for Wall Street
on Thursday. The latest round of results and statements from executives
could help shed some light on the condition and path ahead for the
economy amid a lack of broader information on inflation, employment and
retail sales because of the ongoing government shutdown.
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A dealer watches computer monitors at a dealing room of Hana Bank in
Seoul, South Korea, Friday, Nov. 7, 2025. (AP Photo/Lee Jin-man)
 DoorDash sank 17.5% for one of the
sharpest drops on Wall Street. The food delivery app warned
investors that it will be spending significantly more on product
development next year.
CarMax slumped 24.3% after giving investors a disappointing
financial update and announcing that CEO Bill Nash is stepping down
in December.
Software company Datadog jumped 23.1% after its latest earnings beat
analysts' forecasts. Rockwell Automation rose 2.7% after turning in
results that easily beat analysts’ forecasts.
The broader stock market has had a record-setting year, but that has
raised worries that stocks could be overvalued. Those concerns are
even more focused on big technology companies that have been leading
the market higher amid the focus on artificial intelligence
advancements.
The latest round of earnings is being closely monitored to gauge
whether the market’s big values are justified. They also are helping
to fill in gaps in information because of the U.S. government
shutdown.
Airlines are feeling the impact of the shutdown as airports grapple
with critical staffing problems. The Federal Aviation Administration
will reduce air traffic by 10% starting Friday across 40
“high-volume” markets. American Airlines fell 2%, Delta Air Lines
fell 1.2% and United Airlines fell 1%.
In other dealings early Friday, U.S. benchmark crude oil gained 66
cents to $60.09 per barrel. Brent crude, the international standard,
added 65 cents to $64.03 per barrel.
The U.S. dollar rose to 153.48 Japanese yen from 153.06 yen late
Thursday. The euro fell to $1.1537 from $1.1546.
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