The Nikkei 225 fell below the ¥60,000 threshold amid the fallout from the US midterm elections, closing sharply lower at ¥57,434. The reversal of the previous day's gains in US equities and concerns about tighter regulations related to data centers were cited as factors behind the decline.
Following the results of the US midterm elections, the Nikkei 225 fell below the ¥60,000 threshold in the Tokyo equity market, closing at ¥57,434, down ¥3,643 from the previous day.
The decline in technology stocks in the US equity market carried over from the previous day, spreading selling pressure to the Japanese market.
Following the Democrats' landslide victory, the prospect of tighter regulations on data center construction was viewed by the market as a source of concern.
The article reported that Kioxia and other stocks were cited as potential sources of downward pressure.