Daily Briefing · 2026-11-06

In the U.S. market, the NY Dow plunged more than 1800 dollars at one point, and the Nasdaq index also fell more than 5%, dropping below 25,000. Concerns over stricter regulation of AI and data centers are reported as the background that triggered the selling. This plunge is reported to have wiped out approximately 395 trillion yen in global market capitalization. Domestically, the Nikkei average plunged more than 4000 yen at one point, falling below 60,000 yen. The Taiwanese market also plunged 9%, recording its largest-ever decline. On the political front, reports of Secretary of State Rubio considering resignation have spread uncertainty over the direction of U.S. foreign policy. Regarding President Trump, it has been pointed out that the failure of the Iran military operation was one factor in the major defeat in the midterm elections. On monetary policy, the Bank of England decided to raise interest rates by 0.25% for the first time in 3 years and 3 months. This is said to be a response to price increases driven by Middle East tensions. In Latin America, the president of Paraguay announced his resignation, taking responsibility for the failure of a financial institution. Corporate news. Nippon Steel revised its full-year net profit forecast upward by 51%, to 440 billion yen, on the back of strong performance at its U.S. Steel business. JSR, under the umbrella of a public-private fund, will be sold to Mitsui Chemicals for approximately 1.3 trillion yen. This move is linked to the restructuring of the semiconductor materials industry. Meanwhile, Japan Tobacco faces concerns over asset value impact after four of its factories in Russia were placed under temporary administration by Russian companies. Nippon Paper Industries announced it will halt paper production at its Yatsushiro plant. Chubu Electric Power received a business improvement order from the Ministry of Economy, Trade and Industry. On economic indicators, real wages in September rose for the 9th consecutive month. Meanwhile, it has come to light that 91.8 billion yen in COVID-related loans are in a difficult-to-collect state. On the trade front, Prime Minister Takaichi conveyed concerns to President Macron regarding EV preferential measures within the EU.