The Nikkei 225 fell for a third consecutive trading day in Tokyo on 2 November, closing at ¥63,081.86, down ¥208. Kioxia plunged after its earnings outlook fell short of market expectations, while stocks with strong earnings, including Tokyo Electron, supported the market. Caution ahead of the US midterm elections, movements in other stocks and a rebound in the South Korean market also had an impact.
In Tokyo on 2 November, the Nikkei 225 fell for a third consecutive trading day, closing ¥208.25 below the previous Friday’s close at ¥63,081.86. Kioxia said in its earnings announcement the previous Friday that consolidated net profit for April–December 2026 was expected to be 19 times higher year on year, but the stock plunged after the forecast fell short of market expectations. Semiconductor-related stocks dragged down the broader market, while concerns about the sustainability of AI-related investment were also reaffirmed.