At the close on the 4th, the Nikkei Average fell 893.23 points from the previous day to ¥62,188.63, marking a sharp third straight decline. Reports from the US midterm election vote count indicated that the Democrats were projected to win a majority, strengthening buyback activity.
At the close on the 4th, the Nikkei Stock Average fell 893.23 points from the previous day to ¥62,188.63, marking a sharp third straight decline. The TOPIX also fell 34.90 points to 3,895.38, with selling leading in the morning and losses widening in the afternoon toward the close. The index briefly fell below ¥61,000 during trading, but buying to cover short positions then spread.
Trading volume on the TSE Prime Market was generally more than 3.5 billion shares, while trading value was approximately ¥10.8055 trillion, with rebalancing-related trades standing out. Very few stocks rose, while declining stocks accounted for the majority of the market.
By sector, 25 of the 33 sectors declined and 8 advanced. Nonferrous metals and oil and coal stocks, as well as mining and information and communications stocks, were broadly weak, while air transport and real estate stocks rose.
The Democrats were projected to secure a majority in the Senate according to preliminary US midterm election results. Reports that the Democrats were gaining the upper hand strengthened buying to cover short positions in related stocks.