Nikkei drops over 4% as Democrats retake U.S. House, AI fears rise

Briefing by News4U · First published

The Nikkei Stock Average fell 2,807.40 points, or 4.45%, to 60,274.46 at 12:52 p.m. Wednesday after media projections showed Democrats retaking the U.S. House; the Topix index dropped 3.25% to 3,802.72, with AI and semiconductor shares sold on fears of stricter regulation. [1] [2]

Sources

  1. Nikkei extends losses, down over 4%, after U.S. Democrats win House

    Kyodo News Business · · Full text

  2. Global stocks and dollar slide as Democratic wins stoke AI fears

    FT Markets · · Summary only

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