In the Tokyo market on the morning of the 4th, the Nikkei 225 stood at ¥60,835, down ¥2,246 from the previous day, while Kioxia finally fell below ¥10,000. Apple’s decline also weighed on the market, and weakness in semiconductor stocks, including AI-related names, pushed the market lower.
In the Tokyo market on the morning of the 4th, the Nikkei 225 ended at ¥60,835, down ¥2,246 from the previous trading day. Buying failed to gain traction as vote counting progressed in the U.S. midterm elections, leaving selling in control.
AI-related stocks, including semiconductor names, ranked among the largest negative contributors to the Nikkei 225, and Kioxia finally fell below ¥10,000. Apple's performance was also a burden on the market.
Market caution has intensified with the arrival of earnings season, and the performance of U.S. stocks and AI-related names appears to be influencing the direction of the market.