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U.S. Vote Rattles Tokyo
Tokyo’s stock market fell on Wednesday amid concerns that Democratic gains in the U.S. congressional elections would give the party greater power to impose stricter rules on data centers, potentially slowing spending on servers, chips and optical fiber. The Nikkei dropped 3.1% to 61,127.9 points, while the Topix fell 1.85% to 3,857.97. Kioxia shares lost 10%, and SoftBank fell about 7%. The sell-off spread to chip-equipment and fiber-optic cable companies. Advantest fell 6.4% and Fujikura 8.2%, amid concerns that demand for digital infrastructure could slow.
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