Against the backdrop of the US midterm election results, the Nikkei fell by more than ¥3,000 at one point and closed at ¥62,188.63, down ¥893.23 from the previous day. AI- and semiconductor-related stocks Kioxia Holdings and Advantest came under selling pressure, while the decline narrowed in the afternoon as buybacks emerged.
In the Tokyo stock market after the holiday, the Nikkei closed at ¥62,188.63, down ¥893.23 from the previous day. The decline exceeded ¥3,000 at one point during trading.
As the US midterm election results emerged, AI- and semiconductor-related stocks were sold, weighing on the broader market. The Nikkei fell for a third straight trading session, and about 70% of stocks on the TSE Prime Market declined.
Buybacks emerged in AI- and semiconductor-related stocks in the afternoon, and the decline narrowed, according to market views. The Yomiuri Stock Price Index ended down ¥334.37 at ¥50,88.46.
The market moves have prompted views that uncertainty over the administration’s future policy management could rise in the short term.