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Nikkei falls 1.4% to three-month low as chip stocks slide

Japan's Nikkei Stock Average closed 1.4% lower at 62,188.63, its lowest level since July 30. Chip and metals stocks led declines amid fears that U.S. data-center projects could slow; Kioxia Holdings fell 5.4%.

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Japan's Nikkei Stock Average closed 1.4% lower at 62188.63, its lowest level since July 30, as U.S. Democrats seized control of the House and Senate. Chip and metals stocks led declines, weighed by fears that U.S. data-center projects could slow down.

Kioxia Holdings dropped 5.4% and Sumitomo Elect…

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