Kioxia Fell 13% and SoftBank Fell 7% as the Blue Wave Hit Tokyo
8 Articles
8 Articles
Kioxia Fell 13% and SoftBank Fell 7% as the Blue Wave Hit Tokyo
A single election result sent shockwaves through Tokyo, dragging memory chipmakers, AI investors, and fiber suppliers into a selloff that started in Texas and spread fast. The question now is whether the market is reacting to real policy or just spooked by a campaign promise.
The indicator, which groups the 225 most representative titles of the Japanese market, fell 893.23 points, to 62,188.63 units, although during the session it fell by more than 3%.
(Seoul·Tokyo=Yonhap News) Reporter Kim Byung-kyu, Correspondent Cho Seong-mi = As semiconductor-related stocks and others declined due to the impact of the U.S. midterm elections, the Nikkei 225 average on the Tokyo Stock Exchange on the 4th...
Asian stock markets fell sharply on signs that Democrats could win the US midterm elections. Technology stocks were under heavy selling pressure on concerns about tighter regulations in the AI sector. Major indexes, including Japan's Nikkei, fell to a six-month low.
Following the Democratic landslide victory in the US midterm elections, the Nikkei 225 stock index fell by over 3,000 yen at one point. The decline accelerated further in the afternoon, briefly dropping to nearly 60,000 yen, its lowest level since May. As vote counting continued in the US midterm elections, news that the Democrats, who are seen as favorable to AI regulation, had secured a majority in both the House and the Senate fueled concerns…
The Tokyo Stock Exchange has fallen significantly since the US mid-term elections, with Nikkei index at its lowest for three months. Democratic victory is a political stalemate in Congress, influencing the market and large investments in artificial intelligence.
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