05:53 AM EST, 11/07/2025 (MT Newswires) -- Asian stock markets sagged lower Friday, as traders again grew chary of tech-sector valuations, and digested a weak international trade report from Beijing.

Hong Kong, Shanghai and Tokyo finished in the red, as did most other regional exchanges.

In Japan, the Nikkei 225 opened lower on Wall Street cues and could not recover, finishing off 1.2%.

The benchmark Nikkei 225 fell 607.31 to 50,276.37, although gaining issues outnumbered losers 121 to 103.

Leading the upside was staffing-agency Recruit, up 16.1%, while industrial-plant builder Kanadevia declined 19.2%, with both moves following earnings releases.

In economic news, the average monthly consumption expenditure per household in Japan in September was 303,214 yen, up 5.3% in nominal terms and up 1.8% in real terms on year, reported the Statistics Bureau.

In Hong Kong, the Hang Seng Index opened lower and drifted, closing off 0.9% on tech-wariness and a soft China trade report.

The broad gauge Hang Seng fell 244.07 to 26,241.83, as losing issues outnumbered gainers 49 to 34. The Hang Seng TECH Index lost 1.8% on the day, while the Mainland Properties Index fell 0.4%.

Leading the upside was Xinyi Solar, gaining 7.9%, while TikTok competitor Kuaishou Technology declined 5.9%.

On the mainland, the Shanghai Composite fell 0.2% to 3,997.56.

In economic news, China's exports declined 1.1% in October on year, while imports inched up 1%, the Customs Administration reported.

On the other regional exchanges, the S. Korean KOSPI fell 1.8%; the Taiwan TWSE declined 0.9%; the Australian ASX 200 declined 0.7%; the Singapore Straits Times Index rose 0.2%, and the Thai Set declined 0.8%. In late trading in Mumbai, the Sensex was down 0.1%.