On the 4th, the first trading day after a public holiday, the Nikkei Average fell back in Tokyo trading after rising for the previous 3 sessions. Caution about AI regulation grew amid the Democratic Party's prospects in the US presidential election, and selling spread across AI-related and semiconductor-related stocks. The closing level was ¥62,188.63, down approximately ¥893 from the previous day.
In Tokyo trading on the 4th, the first trading day after a public holiday, the Nikkei Average fell for a third straight session, closing at ¥62,188.63, down ¥893.23 from the previous trading day. With the Democratic Party, which is viewed as supportive of AI regulation, expected to win the US midterm elections, selling dominated mainly in AI and semiconductor-related stocks.
As the overall picture became clear, the view that selling catalysts had been exhausted spread, and the Nikkei Average ended with a narrower decline toward the close as the market increasingly saw the selling catalysts as exhausted.
Among individual stocks, movements in AI-related and semiconductor-related stocks, including Advantest, drew market attention, and differences in performance between stocks affected their price reactions.