The Nikkei Stock Average plunged in the Tokyo stock market, breaking below ¥60,000, with the decline at one point exceeding ¥2,800 from the previous day. Selling spread across AI- and semiconductor-related stocks after reports that the Democrats had an advantage in the US midterm elections.
The Nikkei Stock Average plunged in the Tokyo stock market on the 4th, following a public holiday. The Nikkei fell below ¥61,000, and in the afternoon the decline from the previous trading day briefly exceeded ¥2,800. As vote counting progressed in the US midterm elections and the Democrats were reported to be ahead, selling spread across AI- and semiconductor-related stocks.
Market participants were asked about current conditions and the market outlook. Views from experts, including those of Kinouchi Eiji (木野内 栄治), chief technical analyst at Daiwa Securities, were reported.