Nikkei 225 falls 0.33 percent to 63,081.86 as Kioxia weighs on tech shares
Published on 11/02/2026 at 22:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNikkei closes lower after tech sell-off
- The Nikkei 225 closed at 63,081.86 points on November 2, 2026, down 0.33 percent from the previous session.
- Kioxia's weak outlook pressured memory and technology shares, while stronger results at Tokyo Electron and gains in other semiconductor equipment stocks limited the decline.
- Japan's markets will be closed on November 3 for Culture Day, with regular trading scheduled to resume on November 4.
The Nikkei 225 ended Monday's Tokyo session at 63,081.86 points, down 208.25 points, or 0.33 percent, from the previous close. The closing level and session change were reported by Jiji Press for November 2, 2026.
Kioxia weighs on technology shares
The session remained volatile after heavy selling in US technology stocks on October 30. According to News On Japan, the Nikkei fell more than 570 points at its intraday low before recovering and briefly moving into positive territory. The index weakened again toward the close.
Kioxia Holdings was among the main drags, falling 15.78 percent after its results and outlook disappointed investors. The company had indicated relatively flat sales for the October-December quarter, prompting renewed scrutiny of whether strong artificial-intelligence and data-center demand can continue to support elevated expectations across the memory-chip industry.
The pressure was not uniform across the sector. Tokyo Electron rose 5.16 percent after reporting a favorable earnings outlook and announcing a share buyback, while Advantest and Lasertec also advanced, according to News On Japan. Their gains helped offset some of the losses in Kioxia, Recruit Holdings, SCREEN Holdings and SoftBank Group.
Investors await the next trading session
The broader market was weaker than the headline index suggested. TOPIX fell 34.79 points, or 0.88 percent, to 3,930.28, with declining stocks substantially outnumbering advancing issues. The yen weakened modestly against the US dollar, adding a mixed factor for Japanese companies: exporters can benefit from translated overseas earnings, while import-dependent businesses face higher costs.
Investors are also weighing Japan's corporate earnings season and the US midterm elections. Bloomberg, published by Yahoo Finance, reported that market participants were cautious ahead of the election results and were assessing whether individual earnings could counter concerns about the profitability of large-scale AI investment.
Japanese financial markets will be closed on Tuesday, November 3, for Culture Day, with regular trading scheduled to resume on Wednesday, November 4. The holiday leaves investors to digest overseas developments before the next cash-market session. Further coverage is available on the Nikkei 225 topic page.
