Business · Markets · 3 hrs ago
Nikkei average falls at open as semiconductor stocks face selling
The Nikkei average opened lower in Tokyo on Nov.
2, continuing its decline.
It began the day at 62,972.02, down 318.09 points from the previous Friday's close.
Kioxia shares faced early selling after the company issued a profit outlook below market expectations the previous Friday.
Other AI and semiconductor stocks also fell, adding pressure to the index.
The move shows how concerns about company earnings can weigh on Japan's broader stock market.
No further market developments were given.
Japan’s Nikkei average fell at the open on Nov. 2 as semiconductor and other technology shares faced selling.
The index opened 318.09 yen lower than the previous Friday, at 62,972.02.
Kioxia shares faced selling after the company gave a profit outlook below market expectations the previous Friday.
Bloomberg also cited a steep selloff among US technology peers as weighing on Japanese technology shares.
- Who
- Japanese stocks, including Kioxia and other semiconductor and technology shares.
- What
- The Nikkei average fell at the open.
- When
- Nov. 2, 2026.
- Where
- Tokyo’s stock market, Japan.
- Why
- Kioxia’s profit outlook was below market expectations, and US technology shares had sold off sharply.
This story does not have two clearly opposing sides.
Kioxia announced a profit outlook below market expectations.
The Nikkei average began the session 318.09 yen lower than the previous Friday.
- Nikkei opening level
- 62,972.02
- Opening decline
- 318.09 yen
- Kioxia outlook
- Below market expectations
- Market
- Tokyo stock market