The Nikkei 225 fell by more than ¥4,000 at one point, dropping below ¥57,000. Selling spread, particularly among technology stocks, amid the sharp decline in US stocks, bringing the index to a level not seen in 7 months.
The Nikkei 225 fell by more than ¥4,000 at one point during trading hours, dropping below the ¥57,000 threshold. This was a level not seen for approximately 7 months and indicated that investors had rapidly shifted toward risk aversion.
The sharp declines in major US stock indexes, including the Dow, continued, with selling spreading particularly among technology stocks. Some market participants described the decline as historic, while others called it an excessive reaction.
Some observers said regulatory concerns had spread over data-center-related stocks following the Democrats' victory in the midterm elections, with the concerns spilling over into the Japanese market. Many market participants are watching developments closely.