Overview
- U.S. stocks reversed sharply on Nov. 13, with the Dow closing down 797.60 points at 47,457.22 and the Nasdaq off 536.10 at 22,870.36.
- Climbing long-term Treasury yields and recent remarks by Federal Reserve officials lowered market expectations for a December rate cut.
- Tokyo followed on Nov. 14 as the Nikkei fell more than ¥1,000 at one point and was down ¥837 at 9:15 a.m., while the TOPIX dropped 29.62 to 3,352.10.
- Profit-taking after a four-session, $1,300-plus Dow surge added to pressure, with selling concentrated in semiconductor and AI-linked shares.
- The yen briefly weakened to around ¥155 per dollar after the partial U.S. government shutdown was lifted, then hovered in the upper ¥154s in New York trading.