Tokyo stocks fell broadly on 6 November, with the Nikkei 225 closing at around ¥57,000, below ¥60,000 for the first time in five and a half months. Declines in individual stocks pushed the market lower.
Tokyo stocks fell broadly on 6 November, with the Nikkei 225 ending trading at ¥57,434.77, down ¥3,643.13 from the previous day. It fell below ¥60,000 on a closing basis, reaching a level last seen about five and a half months ago.
Selling in Japan was viewed as having spread from a sharp drop in major US stock indexes, following expectations that the Democratic Party had won a sweeping victory in the US midterm elections. Market participants voiced concerns about a slowdown in the acceleration of AI investment.
AI- and semiconductor-related stocks with a large weighting in the Nikkei 225 led the decline. Advantest, a semiconductor testing equipment maker, and SoftBank Group fell particularly sharply.
TOPIX fell 232.40 points to 3,707.99, and the broader decline brought the market to a test of lower levels.