The early vote count results of the US midterm elections showed that the Democratic Party's chances of winning the election increased, and Japan's Nikkei 225 Index, which is dominated by technology stocks, fell by more than 4%; some strategists previously said that this situation will put pressure on AI stocks. The Tokyo Market is closed on Tuesday due to the holidays. The Nikkei Index fell 4.2% to 60455.95. Among them, chip and AI stocks performed the worst, including Taiyo Yuden, Kioxia, and Furukawa Electric, which fell 2.8% to 3819.54. Masahiro Yamaguchi, head of investment research at Sumitomo Mitsui Trust Bank, said that global stock markets have begun to reflect the view that the Democratic Party's dominance will be detrimental to AI-related stocks. He said that after a similar trend in overseas markets, the Japanese market, which was closed on Tuesday, seemed to have delayed liquidation of AI-related positions. Voting in most parts of the US is over, and the Democratic Party has made initial progress in the battle for a majority of seats in Congress. The prediction website Kalshi predicts that the Democratic Party's chance of winning the House of Representatives is about 99%, and the chances of winning the Senate are similar, indicating that the Democratic Party may win both houses of the National Assembly in one fell swoop.

Zhitongcaijing · 3d ago
The early vote count results of the US midterm elections showed that the Democratic Party's chances of winning the election increased, and Japan's Nikkei 225 Index, which is dominated by technology stocks, fell by more than 4%; some strategists previously said that this situation will put pressure on AI stocks. The Tokyo Market is closed on Tuesday due to the holidays. The Nikkei Index fell 4.2% to 60455.95. Among them, chip and AI stocks performed the worst, including Taiyo Yuden, Kioxia, and Furukawa Electric, which fell 2.8% to 3819.54. Masahiro Yamaguchi, head of investment research at Sumitomo Mitsui Trust Bank, said that global stock markets have begun to reflect the view that the Democratic Party's dominance will be detrimental to AI-related stocks. He said that after a similar trend in overseas markets, the Japanese market, which was closed on Tuesday, seemed to have delayed liquidation of AI-related positions. Voting in most parts of the US is over, and the Democratic Party has made initial progress in the battle for a majority of seats in Congress. The prediction website Kalshi predicts that the Democratic Party's chance of winning the House of Representatives is about 99%, and the chances of winning the Senate are similar, indicating that the Democratic Party may win both houses of the National Assembly in one fell swoop.