The Nikkei average ended 11/2 at ¥60,081.86, down ¥208.25 from the previous weekend, as some AI-related and semiconductor stocks declined. Investors increasingly stayed on the sidelines ahead of the U.S. midterm elections.
The Nikkei average fell for a second consecutive trading day in Monday’s Tokyo market, ending at ¥60,081.86, down ¥208.25 from the previous day’s close.
Following declines in U.S. technology stocks amid concerns over AI investment and corporate finances, some AI- and semiconductor-related constituents of the Nikkei average also fell.
The Nikkei average temporarily turned higher, supported by solid corporate interim results, but directionless trading continued. With the U.S. midterm elections scheduled for the 3rd, investors are increasingly staying on the sidelines.