Japan Market Daily — 2026-11-03
The Nikkei 225 closed lower on November 2, 2026, at 63,081.86, down 0.33%, marking its second consecutive daily decline. The market was weighed down primarily by a sharp 15.8% collapse in memory chipmaker Kioxia following disappointing earnings guidance, which offset strong gains in other semiconductor and electronics stocks like Tokyo Electron and Advantest. Investors are now looking ahead to the Bank of Japan's upcoming policy decisions and SoftBank Group's scheduled earnings report on November 10.
Japan Market Daily — 2026-11-03
Market Snapshot
| Index | Close | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 63,081.86 | -0.33% | -0.33% |
| TOPIX | N/A | N/A | -0.51% |
| USD/JPY | N/A | N/A | N/A |
| 10Y JGB Yield | N/A | N/A | — |
What Moved the Market
- Kioxia Earnings Disappointment: A disappointing earnings outlook from memory chipmaker Kioxia caused its stock to plunge between 13.29% and 15.8%, dragging down the broader Nikkei index.
- Global Tech Sentiment: The decline coincided with a sharp drop in U.S. semiconductor shares, creating negative global cues for Japanese tech stocks.
- Sector Divergence: Despite the broader market fall, gains in Tokyo Electron, Advantest, and Panasonic helped limit losses, driven by upbeat profit forecasts and AI-related demand.
Top Movers
Gainers
| Stock | Sector | Change |
|---|---|---|
| Tokyo Electron | Technology | Up (Exact % not specified) |
| Advantest | Technology | Up (Exact % not specified) |
| Panasonic | Electronics | Up (Exact % not specified) |
Losers
| Stock | Sector | Change |
|---|---|---|
| Kioxia | Technology/Semiconductors | -13.29% to -15.8% |
Corporate Headlines
Kioxia Guidance Miss: Kioxia issued a disappointing earnings outlook, causing its stock to tumble over 13% and acting as the primary drag on the Nikkei 225 during Monday's session.
Sumitomo Guidance Update: Sumitomo updated its FY 2026 earnings guidance, providing EPS guidance of 0.220 for the period.
SoftBank Group Earnings Scheduled: SoftBank Group is anticipated to announce its quarterly results after the market closes on Tuesday, November 10th. Analysts expect earnings of ($0.0663) per share and revenue of $12.68 billion for the quarter.
Japan Tobacco Outlook Lift: Following strong Q3 results, Japan Tobacco lifted its FY2026 outlook.
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BOJ & Macro Watch
- Policy Stance: Bank of Japan Governor Kazuo Ueda recently kept the possibility of further rate hikes alive but offered few fresh clues on their timing, maintaining a steady rate policy.
- Yen Movement: The yen pared gains against the dollar following the BOJ's decision to keep rates steady, with investors assessing the lack of new timing signals.
What to Watch Tomorrow
- SoftBank Group Earnings: Investors are preparing for SoftBank Group's major earnings release scheduled for November 10, which is expected to impact tech and investment sectors.
- Chip Sector Volatility: Continued volatility in semiconductor stocks is likely as markets digest Kioxia's guidance and global chip trends.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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