In Tokyo trading on 6 November, the Nikkei 225 fell sharply to close at ¥57,434.77, down ¥3,643.13 from the previous day. It failed to remain in the ¥57,000 range for the first time in 7 months, and the decline was the third-largest on record.
In Tokyo trading on 6 November, the Nikkei 225 closed at ¥57,434.77, down ¥3,643.13 from the previous day. The index had remained below the ¥57,000 range for an extended period, reaching a level not seen in 7 months. AI-related stocks were sold, while the broader market was also weighed down by the decline in U.S. stocks.
During trading, the Nikkei's decline at one point exceeded ¥4,300, amid concern over tighter regulation of AI development. In the U.S. market, the Dow fell sharply, while developments involving major semiconductor companies affected the market as a whole.
On 6 November, semiconductor-heavy stocks also fell sharply in South Korea and Taiwan, creating the appearance of a synchronized global sell-off. In Japan's government bond market, the yield on the newly issued 10-year bond, a benchmark for long-term interest rates, briefly fell to 2.610%.
Some market observers view these developments as the result of the combined effects of movements in AI-related and semiconductor stocks, the impact of the U.S. midterm elections, and the interconnection between Japanese and overseas markets.