The Nikkei fell sharply for a second consecutive session on the 4th in the Tokyo stock market, as selling spread mainly across AI-related stocks against the backdrop of the US midterm elections. It closed below the ¥60,000 level, down ¥893.
In the Tokyo stock market on the 4th, the first trading day after the holiday, the Nikkei Stock Average fell sharply for a second consecutive session, with its decline from the previous close at one point exceeding ¥3,000. Ultimately, the Nikkei ended trading at ¥62,188.63, down approximately ¥893.
The Tokyo Stock Exchange Price Index, TOPIX, closed at 3,895.38 points, down 34.90 points. Trading was active, with approximately 3.5 billion shares changing hands.
Amid reports that the US midterm election results were favorable toward regulating AI development, speculation spread that sell orders had increased for semiconductor-related stocks. Concern over US political developments contributed to the stock market's decline. As various indices fell, investors became increasingly risk-averse.
Selling dominated throughout the day. The Nikkei did at one point fall below the ¥60,000 level, but ultimately closed at a much lower level. Trading volume exceeded 3.5 billion shares, indicating strong market interest.