The Nikkei Average opened on 2 November at ¥62,972.02, down ¥318.09 from the previous day. Selling in the US market weighed on the market, particularly on technology stocks, and declines continued after the open.
At the open on 2 November, the Nikkei Average stood at ¥62,972.02, starting ¥318.09 below the previous day’s level. Sharp declines in the Dow and Nasdaq in the US market and worsening conditions for semiconductor-related stocks pushed the broader Tokyo market into selling-dominated trading.
Among the stocks with the highest trading value, Advantest, Lasertec, Fujikura, Mitsubishi UFJ, Recruit Holdings, Sumitomo Mitsui, and SoftBank Group fell. Tokyo Electron, Panasonic, and Oriental Land, meanwhile, were relatively firm or rose at times. By sector, declines were particularly notable in banking, marine transportation, and services.
The Nikkei Average remained weak throughout the day and widened its decline toward the close. Chicago Nikkei 225 futures traded around ¥62,600, down ¥890 from Osaka, while selling pressure spread to the Japanese market amid the flow from US markets following a decline in the SOX Index.