In the Tokyo market on the morning of the 4th, the Nikkei 225 was briefly down more than ¥2,000, with periods below ¥61,000. Expectations that the Democratic Party was gaining the upper hand in the U.S. midterm elections and concerns over the focus on AI regulation prompted caution in the stock market, triggering selling in AI- and semiconductor-related stocks.
In the Tokyo stock market on the morning of the 4th, the Nikkei 225 extended its decline, falling more than ¥2,000 at one point from the previous day and below the key ¥61,000 level. Around the middle of the morning session, it fell into the ¥61,600 range. Trading value on the TSE Prime Market had reached approximately ¥2.4416 trillion as of 10:00, while trading volume had reached approximately 709 million shares.
As vote counting progressed in the U.S. midterm elections, views spread across the market that the Democratic Party was gaining the upper hand. Expectations emerged that regulations viewed as supportive of AI and data center construction could be tightened. Concerns over slower investment by large investors spread, and selling concentrated in AI- and semiconductor-related stocks.
High-priced AI- and semiconductor-related stocks, including Kioxia Holdings, SoftBank Group, Tokyo Electron and Advantest, broadly declined. In contrast, Fast Retailing, Konami Group and Nitto Denko were relatively stable or firm as the market fell.