Around the middle of the morning session on the 4th, the Nikkei 225 extended its decline in the Tokyo stock market, falling below the ¥62,000 mark for the first time in 4 sessions. Selling increased, mainly in AI- and semiconductor-related stocks, following reports that the Democrats were leading as votes were counted in the US midterm elections.
Around the middle of the morning session on the 4th, the Nikkei 225 extended its decline, falling into the ¥61,600 range, and briefly dropped below ¥62,000 during morning trading.
Reports that the Democrats were leading in the counting of votes in the US midterm elections affected market views on AI regulation, and selling spread across AI- and semiconductor-related stocks, according to market sources. A strategist at a domestic securities firm pointed to the possibility that a Democratic majority could negatively affect the investment environment.
As of 10 a.m., trading value on the TSE Prime market was approximately ¥2.4416 trillion and trading volume was approximately 709.9 million shares. Advantest and SoftBank Group were cited among the stocks weighing on the Nikkei 225, while Fast Retailing, Konami Group and Nitto Denko were relatively firm.