The Nikkei 225 recorded a sharp drop of more than ¥4,000 at one point, falling below ¥57,000 for the first time in about 7 months. Reports attributed the selling of technology stocks to developments in U.S. markets.
The Nikkei 225 fell by more than ¥4,000 at one point. Amid the downward trend from the previous day, share prices fluctuated sharply and trading became more active. News reports emphasized the size of the decline.
The Nikkei 225 fell below ¥57,000, a level reportedly not seen for about 7 months. It was noted that the index broke below a significant price level during part of the trading session.
The decline was attributed to falls in U.S. equity markets, with the weakness in major indexes such as the NY Dow spreading to Japan's market. Selling reportedly spread particularly among technology stocks.
The Democratic Party's victory was reported as a U.S. political development, while concerns spread in some quarters over tighter regulations on data-center construction, leading to increased selling of related stocks.