Expectations for AI-related stocks reversed following the sweeping victory by the US Democratic Party. The Nikkei average closed below ¥60,000, posting its steepest decline in about six months, and views are emerging that the market is heading into a downturn.
Amid reports of a sweeping victory by the US Democratic Party, views are spreading that expectations for AI-related demand will retreat. Investor sentiment has become more cautious, and concerns have been raised that this could affect market trends.
The Nikkei Stock Average closed below ¥60,000, reaching a level not seen in about six months. Heavy selling and localized declines in certain sectors stood out, with reports indicating that the drop was the third-largest on record.
While adjustments are progressing mainly in AI-related and technology stocks, views are spreading among market participants that investment in data centers will be curtailed. The outlook for market trends will continue to be shaped by global economic conditions and the US political situation.