The Nikkei Stock Average fell for a second straight session on the Tokyo market on the 2nd, ending ¥208.25 lower than the previous day at ¥63,081.86. Selling intensified after Kioxia's earnings outlook fell short of expectations, while gains in Korean stocks supported investor sentiment.
The Nikkei Stock Average fell for a second straight session on the Tokyo stock market on the 2nd, closing at ¥63,081.86. It widened its decline to ¥208.25 from the previous day.
A key factor was that Kioxia, a major semiconductor materials company, issued an earnings outlook below market expectations, weighing on the market.
At the same time, gains in Korean stocks supported investor sentiment, and some observers said this limited the market's overall decline.
With voting and counting in the US midterm elections due on the 3rd, a strong wait-and-see mood is expected to continue, leaving the Nikkei without a clear direction, according to reports.