Japan's Nikkei index falls for the fifth day, collapsing the 60,000 mark... Aftershocks from the US midterm elections

6% drop compared to the previous day... Lowest in 6 months

(Tokyo = Yonhap News) Correspondent Cho Sung-mi = Due to the impact of the results of the U.S. midterm election, the Nikkei 225 average stock price (Nikkei index), a representative index of the Japanese stock market, continued its significant decline on the 6th, collapsing the 60,000 mark for the first time in about 6 months.

The Nikkei index has fallen for five days in a row.

Immediately after the opening of the Tokyo stock market on this day, the decline in the Nikkei index exceeded 3,000 at one point, falling more than 6.4% from the previous day's closing price as of 9:24 a.m., hovering around the 57,100 level.

As concerns spread that investment in artificial intelligence (AI) infrastructure will slow down following the Democratic Party's landslide victory in the U.S. midterm elections, there is a selling trend in semiconductor and AI-related stocks around the world.

In the Tokyo stock market, selling pressure was concentrated on AI and semiconductor-related stocks such as Tokyo Electron and Advantest.

Last April, the Nikkei index surpassed the 60,000 mark at the closing price for the first time in history thanks to the buying trend of major semiconductor stocks such as Kioxia, power infrastructure, and physical AI stocks, and it was evaluated that the 'lost 30 years' of the Japanese stock market were over.