Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Japanese Stocks Fall on Tech Selloff, Kioxia’s Profit Outlook
Business & Finance

Japanese Stocks Fall on Tech Selloff, Kioxia’s Profit Outlook

Bloomberg Markets Monday 02 November 2026, 00:15 UTC By Momoka Yokoyama 1 min read
Key Points

Japanese Stocks Fall on Tech Selloff, Kioxia’s Profit Outlook Japanese stocks fell, with technology shares taking a hit from a steep selloff in their US peers, while chipmaker Kioxia Holdings Corp. was set to drop after a disappointing profit outlook. The Nikkei 225 Stock Average retreated 0.7% as of 9:08 a.m. in Tokyo, with chip-related shares Ibiden Co. and Sumco Corp. among biggest decliners on the tech-heavy gauge. The broader Topix index was down about 0.8%.

Japanese Stocks Fall on Tech Selloff, Kioxia’s Profit Outlook Japanese stocks fell, with technology shares taking a hit from a steep selloff in their US peers, while chipmaker Kioxia Holdings Corp. was set to drop after a disappointing profit outlook. The Nikkei 225 Stock Average retreated 0.7% as of 9:08 a.m. in Tokyo, with chip-related shares Ibiden Co. and Sumco Corp. among biggest decliners on the tech-heavy gauge. The broader Topix index was down about 0.8%. In the US, disappointing tech results triggered a 7.2% plunge in the Philadelphia Semiconductor Index, with Intel Corp. sinking the most in over four decades.
Japanese (ORG) Kioxia (PERSON) Profit Outlook (ORG) US (LOCATION) Kioxia Holdings Corp. (ORG) The Nikkei 225 Stock Average (ORG) Tokyo (LOCATION) Ibiden Co. (ORG) Sumco Corp. (ORG) Topix (ORG) Philadelphia Semiconductor (ORG) Intel Corp. (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Japan’s Katayama Says Ready to Act for Stable FX Market

Currencies Japan’s Katayama Says Ready to Act for Stable FX Market Japanese authorities are prepared to respond if currency market movements become disorderly, acting in accordance with a standing pact with her US counterpart, Finance Minister Satsuki Katayama said, one day before the US holds its midterm elections. “If there are disorderly movements or excessively speculative moves, we will take action,” Katayama told reporters Monday. “We have also been coordinating and holding discussions...

Bloomberg Markets 34m ago

Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout

Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout Foreign outflows from Taiwanese stocks hit a record in October as a global selloff in artificial intelligence play pushed the island’s benchmark closer to a technical correction. Overseas investors sold $31.78 billion of Taiwanese shares on a net basis last month, surpassing the previous all-time high hit in March, according to data compiled by Bloomberg.

Bloomberg Markets 43m ago

Has Hong Kong’s IPO boom hit a wall – or is a year-end rush still to come?

Hong Kong’s initial public offering (IPO) momentum has cooled sharply in the fourth quarter amid market volatility and tighter regulatory scrutiny, but industry players say a year-end rush of listings could still help the city secure a top-three global ranking for 2026. The market has slowed significantly since October, with only three new listings, all of which closed below their offer prices on debut. Two other IPO candidates shelved their listings after completing procedures, testing Hong...

South China Morning Post 43m ago

Canada's Carney hails 'good conversation' on trade with Trump

Canada's Carney hails 'good conversation' on trade with Trump MONTREAL: Canadian Prime Minister Mark Carney on Sunday (Nov 1) said he had a "good conversation" with US President Donald Trump on the two countries' fraying trade ties, after Washington imposed wide-ranging tariffs on its northern neighbour. Carney said on social media that the latest talks built on "recent constructive discussions on the outlines of a mutually beneficial trade deal". "Our teams will now be working in the coming...

Channel News Asia 50m ago