Japanese Fiber Makers Fujikura and Furukawa Electric Slide on US Midterm Results

Key Facts

Shares of Fujikura and Furukawa Electric fell 8.2% and 9% respectively in Tokyo trading. Reuters reported that the sell-off followed US midterm election results, as investors fear Democratic gains could lead to tighter regulations for data center projects.

Fujikura (5803.T) closed at 3680 yen on November 4, 2026, after hitting a session low of 3472 yen. Meanwhile, Furukawa Electric (5801.T) closed at 2755 yen on November 2, 2026. The declines reflect concerns that shifting political dynamics in the US could slow AI infrastructure spending, impacting major suppliers in the sector.

The Bank of Japan is scheduled to release its Monetary Policy Meeting Minutes late on November 4, 2026. Additionally, US Initial Jobless Claims are due on November 5, 2026, which may provide further insight into the economic landscape following the election results.