Concerns over AI regulation arising from the U.S. midterm elections weighed on the TSE Growth Market 250, which fell for the first time in 4 sessions. It closed at 769.27, down 0.57%, after falling more than 3% at one point during the day.
The TSE Growth Market 250 fell for a fourth consecutive day as uncertainty over AI regulation surrounding the U.S. midterm election results dampened investor sentiment, closing at 769.27, down 0.57% from the previous day. The index was down more than 3% at one point during trading hours.
When reports on the election outlook indicated that the Democratic Party was ahead, the Nikkei Average at times pared its losses in the afternoon. However, caution over regulation remained strong in the emerging-market stock segment, and market participants said volatility had widened against that backdrop.
Among individual stocks, MTG, Humamade, Data Section, Terra Drone and Cybertrust fell. Oncolys, QD Laser, Tier IV and Futsuper, meanwhile, attracted buying. Newly listed Allganize Holdings was firm, while MabGenesis temporarily hit the limit-up on its second day.
Investor attention is expected to shift to the specifics of the regulations and movements in U.S. interest rates. Liquidity remains thin, and conditions are expected to persist in which changes in overseas investors' supply and demand can cause large swings in the index.