Tokyo's Nikkei Average closed at 39,277.39 on October 30, 2024, marking a 0.96% increase and reaching a two-week peak. The rally was driven by strong performance in technology shares, which mirrored gains in the Nasdaq. This upward trend in the Nikkei was part of a three-day rally, with investors closely monitoring developments related to the U.S. presidential election. However, on November 1, the Nikkei saw a decline of 2% as it tracked a downturn in Wall Street and faced pressure from a strengthening yen. By noon on the same day, the Nikkei had dropped 2.26% to 38,196.53 points.