In the Tokyo market on the morning of the 5th, the Nikkei Average fell for a second straight session, ending at ¥61,913.51. The Democratic Party’s decisive victory in the U.S. midterm elections held on the 3rd prompted selling across AI- and semiconductor-related stocks. Some market participants also said this could dampen hopes for a rebound.
In the Tokyo market on the morning of the 5th, the Nikkei Average fell for a second straight session, ending at ¥61,913.51. The Democratic Party’s decisive victory in the U.S. midterm elections held on the 3rd led to selling across AI- and semiconductor-related stocks.
As uncertainty continued in global markets following the midterm election results, concerns over AI regulation intensified in Japan, and selling spread across related stocks.
After the midterm elections, there were periods when a broad range of stocks attempted to recover as uncertainty about the outlook receded, but some market participants said that momentum for a rebound had been dampened.