Nikkei, Yen, Hang Seng: Asian stock markets mixed after US midterm elections - tech stocks plummet
Investors fear that the Democrats' election victory could slow down the expansion of AI data centers. While chip stocks are under pressure, industries in Japan are benefiting from falling oil prices.
Japanese stocks saw a mixed day, with the Nikkei index falling 0.8% to 61,687 points, weighed down by tech stocks such as Advantest and Tokyo Electron, which plummeted 10.3% and 8.6% respectively. The broader Topix index rose 1.5% to 3955 points. In contrast, South Korea's Kospi index lost 4% to 5460 points, with Samsung Electronics and SK Hynix shares declining 5.73% and 7.52%. The Shanghai and CSI-300 indexes in China ended almost unchanged.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Nikkei, Yen, Hang Seng: Investors Shift - AI Stocks Plummet in Asia handelsblatt.com
