In the Tokyo market on the morning of the 4th, the Nikkei fell for a second straight session, at one point recording a decline of more than ¥2,100. AI- and semiconductor-related stocks were heavily sold against the backdrop of the ongoing vote count in the US midterm elections, and the index briefly fell below the ¥61,000 level.
In the Tokyo stock market on the morning of the 4th, the Nikkei Stock Average fell for a second straight session, with its decline from the previous trading day exceeding ¥2,200 and briefly taking it below ¥61,000. As vote counting continued in the US midterm elections, selling was dominant, particularly in semiconductor-related stocks, amid expectations surrounding regulation of AI and data-center construction.
Selling in Japanese equities intensified in line with the decline in Nasdaq-100 futures, which comprise major US technology stocks. Among individual stocks, Kioxia Holdings, SoftBank Group and Tokyo Electron traded lower.
South Korea's KOSPI also fell, and caution across the market increased as vote counting in the US midterm elections progressed. Some market observers said the trend could affect AI investment by the US Congress.