The Nikkei Stock Average plunged in the Tokyo market on the afternoon of the 4th, with its decline temporarily widening to more than ¥3,000 from the previous trading day. Selling was fueled by expectations of a Democratic lead in the U.S. midterm elections, bringing the index close to falling below 60,000.
The Nikkei Stock Average plunged in the Tokyo stock market on the afternoon of the 4th, with its decline from the previous trading day temporarily widening to more than ¥3,000. It has fallen to a level approaching 60,000.
As vote counting in the U.S. midterm elections began, the view that a Democratic lead had emerged spread through the market, intensifying selling, particularly in AI-related stocks.
During morning trading, AI-related stocks, including semiconductor stocks, were among those making the largest negative contributions to the Nikkei's decline. Kioxia in particular plunged as much as 13%.
Concerns about regulatory and policy developments affecting AI-related businesses spread as factors likely to influence market movements, leading to broader selling.