In the Tokyo market on the 4th, the Nikkei Stock Average fell more than ¥3,000 at one point, approaching the ¥50,000 level. Following declines in US AI and semiconductor stocks, selling spread through the Tokyo market, particularly among semiconductor-related stocks.
In the Tokyo stock market on the 4th, the Nikkei Stock Average fell sharply from the previous day's close, recording a decline of more than ¥3,000 at one point and approaching the ¥50,000 level. This article focuses on the Nikkei Average's movements that day.
Selling was concentrated in AI and semiconductor-related stocks, reflecting the impact of a sharp decline in AI and semiconductor stocks in the US market. Sell orders also spread across stocks in the same sector in the Tokyo market.
Investor sentiment was shaped by concerns over whether the returns from massive AI investment would be sufficient, as well as uncertainty surrounding the US midterm election results, leading investors to adopt a cautious stance.