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Kioxia (285A.JP) Closes Down 4.7% Dragged by US Stocks
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Kioxia Holdings (285A.JP) closed today (31st) at JPY19,080, marking a full-day decline of 4.7%. On the previous night (30th), the SOX Index in the US market plummeted by about 4%, leading to pressure on semiconductor and AI concept stocks in the Tokyo market today. Memory-related stocks saw particularly significant declines, with Micron (MU.US) dropping 10% and SanDisk (SNDK.US), which has a high correlation with the company's stock price, also falling 7%. The exact reason for the decline in US semiconductor stocks is unclear, but the market speculates it is related to supply and demand factors before the end of the period and rising concerns over helium procurement. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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