The Nikkei fell more than ¥4,000 at one point on the morning of the 6th, dropping below ¥57,000. Selling has spread to the Japanese market amid declines in AI and semiconductor stocks in the US market.
In the Tokyo stock market on the morning of the 6th, the Nikkei Stock Average fell more than ¥4,000 at one point, dropping below ¥57,000. This was the first time in about six months that the index had fallen below ¥60,000.
Following sharp declines in AI- and semiconductor-related stocks, particularly in the US market the previous day, selling orders spread in Tokyo and pushed the Nikkei lower.
The Democratic Party won majorities in both houses of Congress in the US midterm elections, and candidates cautious about data-center construction prevailed. The market interpreted this as raising concerns about the future growth of AI-related companies.
While market participants have pointed to concerns about the collapse of an AI bubble, some view the decline as an overreaction, and others say developments should be watched closely.