The Nikkei Average continued to decline for 4 days, and sales were widespread due to uncertainty surrounding the US presidential election

2024/7/22 3:50 PM GMT+9 (some excerpts)

The Nikkei Average closed after 4 days of continuous decline to 39,599 yen 00 yen, 464 yen 79 yen less than the previous business day. In addition to taking over the trend where the three major US stock indices were weak the previous weekend, risk-off movements spread due to uncertainty surrounding the US presidential election. By industry, profit-taking sales were seen in high-tech stocks and stocks that had risen due to the “Trump Trade” trend that bets on the scenario of former President Trump's re-election. Meanwhile, in response to heightened volatility, domestic demand and defensive stocks were solid.