In the morning session on 5 November, the Nikkei Average continued to fall on the Tokyo stock market, closing at ¥61,913.51, down ¥275.12 from the previous day. Selling spread across AI and semiconductor-related stocks following the Democratic Party’s victory in the US midterm elections. Attempts to test a rebound remained constrained by a lack of market catalysts.
In the morning session on 5 November, the Nikkei Average continued to fall on the Tokyo stock market, closing at ¥61,913.51, down ¥275.12 from the previous day. Uncertainty spread across the market against the backdrop of the US midterm elections, and trading was active.
The Democratic Party was reported to have regained control of both chambers of Congress in the US midterm elections held on 3 November, increasing concern over potential US regulation of AI. This became a factor behind selling pressure on Japanese AI and semiconductor-related stocks.
Amid volatile trading, broad-based issues showed some attempts to rebound, but periods of dominant selling in AI and semiconductor-related stocks weighed on the market and dampened momentum to test a recovery.