The Nikkei average continued to decline in Tokyo trading on the morning of the 5th. The Democratic Party won a landslide victory in the U.S. midterm elections, and Japanese AI- and semiconductor-related stocks were sold on concern over AI regulation, dampening momentum to test a rebound.
The Nikkei Stock Average continued to decline in Tokyo trading on the morning of the 5th, closing at ¥61,913.51, down ¥275.12 from the previous day.
The Democratic Party was reported to have won a landslide victory in the U.S. midterm elections held on the 3rd, regaining majorities in both chambers of Congress.
Concern over regulation of artificial intelligence in the United States intensified, and selling spread across Japanese AI- and semiconductor-related stocks.
After the midterm elections, the market had been in a position to test a rebound across a broad range of stocks as uncertainty over the outlook receded, but the view has emerged that this momentum is fading.
Against this backdrop, market participants are watching future developments and any additional disclosures.