The Nikkei opened on the 4th at ¥62,973.16, down ¥108.70 from the previous day, marking its 3rd straight decline at the open. US stocks were generally firm on the back of semiconductor stock gains, but caution over the midterm election results continued.
The Nikkei Stock Average opened on the 4th at ¥62,973.16, down ¥108.70 from the previous day. The market adopted a stronger wait-and-see stance as investors sought to confirm the results of the US midterm elections. The Dow fell, while the Nasdaq Composite and SOX Index rebounded for the 4th session in a row.
In the US market, Advanced Micro Devices (AMD) surged in after-hours trading following its earnings announcement, which could influence trading in the Tokyo market, although caution over the midterm election results was also evident. In the night session on the Osaka Exchange, Nikkei futures for the December contract were down ¥170 from the previous day at ¥63,090.
In the foreign exchange market, dollar-yen was in the mid-¥158 range and euro-yen in the mid-¥177 range as of 9:00 a.m.