Tokyo stocks start lower for a second session; upside limited ahead of midterm elections despite gains in US semiconductor stocks

Tokyo stocks fell for a second straight session at the open on the 4th. Despite gains in US semiconductor stocks, upside was limited ahead of the midterm elections.

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The story

Amid mixed buying and selling, the Nikkei Average opened in Tokyo on the 4th down ¥108 from the previous day at ¥62,973, extending its decline for a second straight session. Selling was somewhat dominant across the market.

Among overseas markets, European stocks were generally weak, while US semiconductor stocks were reported to have risen. With investors assessing the outcome of the midterm elections, some expect upside to remain limited.

This reflects a desire to assess the midterm election results, and it has been reported that market reactions could change depending on subsequent updates.

At a glance

Market TrendsSelling prevailed at the open in Tokyo on the 4th, and the Nikkei Average fell for a second straight session, down ¥108 from the previous day at ¥62,973.

European developmentsEuropean stocks were reported to have been generally weak.

U.S. market trendsUS semiconductor stocks were reported to have risen.

BackgroundThe market was described as a phase in which upside was limited as investors watched the midterm elections

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