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Japanese Stocks Sink as US Midterm Results Hit Tech Shares

Bloomberg Markets Wednesday 04 November 2026, 04:45 UTC By Aya Wagatsuma and Kentaro Tsutsumi 1 min read
Key Points

Japanese Stocks Sink as US Midterm Results Hit Tech Shares Japanese equities sank amid indications of Democratic gains in Tuesday’s midterm elections, a scenario some strategists had said would weigh on AI stocks. The tech-heavy Nikkei 225 declined as much as 4.8%, with chip and AI-related shares from memory maker Kioxia Holdings Corp to MLCC maker Taiyo Yuden Co. slumping more than 13% and among the worst performers.

Japanese Stocks Sink as US Midterm Results Hit Tech Shares Japanese equities sank amid indications of Democratic gains in Tuesday’s midterm elections, a scenario some strategists had said would weigh on AI stocks. The tech-heavy Nikkei 225 declined as much as 4.8%, with chip and AI-related shares from memory maker Kioxia Holdings Corp to MLCC maker Taiyo Yuden Co. slumping more than 13% and among the worst performers. The broader Topix index fell as much as 3.5%.
Japanese (ORG) US Midterm Results Hit Tech (EVENT) Democratic (ORG) AI (ORG) Kioxia Holdings Corp (ORG) Taiyo Yuden Co. (ORG) Topix (ORG)
Originally published by Bloomberg Markets Read original →

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