The Nikkei Average closed down ¥893.23 from the previous day at ¥62,188.63, as selling spread across AI- and semiconductor-related stocks after reports that the Democratic Party was leading in the US midterm elections.
On the 4th, following a public holiday, the Nikkei Stock Average (225 issues) in the Tokyo market ended down ¥893.23 at ¥62,188.63, rather than showing no change of 89三銭, marking its third consecutive decline.\n\nAs the counting progressed in the US midterm elections and the Democratic Party was expected to be leading in both chambers of Congress, selling of AI- and semiconductor-related stocks accelerated. At one point during the session, the decline exceeded ¥3,000.\n\nHowever, some buying back of AI- and semiconductor-related stocks emerged in the afternoon session, narrowing the decline.\n\nThe Tokyo Stock Price Index, or TOPIX, fell 34.90 points to 3895.38, restraining the overall market move.