At the 2 November opening, the Nikkei Average started at 62,972.02, down ¥318.09 from the previous day. Major high-tech stocks were sold on declines in U.S. markets and concerns surrounding AI-related stocks.
On 2 November, the Nikkei Average opened at 62,972.02, down ¥318.09 from the previous day, with selling taking the lead following sharp declines in the Dow and Nasdaq. Disappointment spread across high-tech stocks, particularly semiconductor-related names, and the market continued to fall after the open.
Among notable stocks, Advantest, Lasertec, Fujikura, Mitsubishi UFJ, Recruit Holdings, Sumitomo Mitsui, and SoftBank Group declined, while Tokyo Electron, Panasonic Holdings, and Oriental Land rose. By sector, banking, marine transportation, and services were among the biggest decliners.
In the U.S. market, the Dow Average fell sharply by $572.25 from the previous close and the Nasdaq dropped 747.72 points. Reports also said that concerns over AI-related stocks were mounting after Intel and Amazon results fell short of expectations. Lower crude oil prices also prompted selling.
The market remained soft throughout the day, with the Nikkei Average widening its decline toward the close. Chicago Nikkei 225 futures were trading ¥890 below Osaka levels.