Semiconductor stocks diverge, with Kioxia plunging and Tokyo Electron rising / Nikkei Average falls for a second straight session【Stocks in Focus Today & Outlook for the Japanese Stock Market】“Daily ZAi,” 2 November issue (Diamond ZAi)

The story

The Nikkei Average extended its decline, briefly turning positive before weakening. Domestic investors became more reluctant to buy amid declines in the Dow and SOX indexes in the US market and Intel's earnings results.

Among semiconductor-related stocks, Kioxia Holdings plunged and SCREEN Holdings also fell. Tokyo Electron rose on stronger-than-expected earnings and expectations for AI demand. Lasertec rose following an upward revision to its WFE outlook, while other IT and software stocks were notably lower.

Kioxia decided to pay a dividend of ¥30 per share as an interim dividend. Chugoku Electric Power's increased dividend forecast attracted investor attention, and there were also announcements of share buybacks.

At a glance

Market trendNikkei Average extends decline, with losses narrowing at times toward the end of the session

Semiconductor TrendsKioxia Holdings plunges, while Tokyo Electron rises

Additional stocksSCREEN Holdings plunges, while Lasertec rises

Dividends and stocksKioxia plans to pay an interim dividend of ¥30 per share

Other developmentsIncrease in Chugoku Electric Power's dividend forecast welcomed by investors

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