The Nikkei 225 fell for a 5th straight session on the morning of the 6th, trading around ¥57,161, down approximately ¥3,916 from the previous day. It opened below ¥60,000, while the TOPIX also fell sharply.
Japan's market opened sharply lower on the 6th as U.S. stocks fell substantially following the Democratic Party's victory in the U.S. midterm elections. The market opened at ¥60,374, then fell below ¥60,000 in a sharp move, reaching a level approximately ¥3,916 below the previous day by around 10:00 a.m. During the session, the Nikkei 225 fell as low as ¥56,971.00, approaching a level not seen in 7 months on an intraday basis. The exchange rate was trading in the low ¥157 range to the U.S. dollar.
All 33 sectors declined. Nonferrous metals fell more than 10%, while petroleum and coal products, foods, glass and ceramics products, and electric appliances each fell more than 7%. HENNGE, meanwhile, hit its upper price limit, and 地主, Pigeon, Sodanikka and Santen Pharmaceutical rose. E Guardian indicated a lower price limit, while ROHM, JT, MDM and Daihen were among those sold.