Japanese Export Stocks Rise on November 5; Toyota Shares Surge 15.5% at One Point

On November 5, Japanese export-related stocks rose collectively, led by automakers. This followed the U.S. Democratic Party winning control of both the Senate and the House of Representatives in the midterm elections. After the Japanese stock market opened, Toyota Motor shares surged as much as 15.5%, Honda Motor rose over 7%, Sony gained about 7%, Nintendo climbed 5%, and the industrial and machinery manufacturing sectors strengthened.