Overview
- Japan’s benchmark fell more than 2,400 yen intraday on Nov. 5 and dipped below the 50,000 mark before rebounding.
- The index finished down 1,284.93 at 50,212.27, trimming steep early losses that followed a sector-wide sell-off.
- AI and semiconductor heavyweights, including SoftBank Group, Advantest and Tokyo Electron, led declines after recent gains.
- Overnight U.S. equity weakness and higher Treasury yields, tied to slower expected Fed cuts, fed risk-off sentiment in Tokyo.
- The yen strengthened into the upper-153 per dollar range in Tokyo from the mid-154s in New York, with traders citing Finance Minister Sanae Katayama’s remarks as checking further yen weakness.