The Nikkei Average fell for a fifth straight session, plunging on a broad sell-off in AI- and semiconductor-related stocks. It closed at ¥57,434.77, down ¥3,643.13, or 5.96%, from the previous day.
The Nikkei Stock Average fell sharply on 6 November in the Tokyo stock market, closing at ¥57,434.77, down ¥3,643.13 from the previous day. A broad sell-off in AI- and semiconductor-related stocks was the main driver of the market-wide decline, and the index fell below ¥60,000 at times during trading. Very few TSE Prime Market issues rose, with gainers accounting for approximately 1% of the market overall.
Among individual stocks, Kioxia Holdings, Advantest and Tokyo Electron fell sharply, while SoftBank Group also plunged. Stocks cited as making large negative contributions to the Nikkei Average included SBG, Advantest, Fast Retailing, Tokyo Electron and Recruit Holdings, with their combined downward impact on the index reaching approximately ¥1,264.
All 33 TSE sectors declined. The 5 sectors with the smallest declines were iron and steel, air transportation, warehousing and harbor transportation services, rubber products, and textiles and apparel. The 5 sectors with the largest declines were foods, oil and coal products, real estate, nonferrous metals, and securities, commodities and futures. Individual stocks cited for company-specific factors included Gunze, Nitto Boseki, Yume Technology, JINUSHI, IIJ, HENNGE, Tokyo Ink, Riso Kagaku, Pixela and Daytona.