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Kioxia Holdings Extends Sharp Decline as Semiconductor Stocks Face Profit-Taking After TSMC Results
Kioxia Holdings extended its sharp decline. The sell-off carried over from the previous day's U.S. market, where profit-taking in semiconductor-related stocks continued and the SOX index fell about 4.3 percent. Although Taiwan Semiconductor Manufacturing Company posted record highs for both revenue and net profit in the April-to-June quarter, its share price fell on a sell-the-fact reaction, and highly correlated SanDisk also dropped more than 12 percent. MH Group hit its daily limit up. Ahead of launching new businesses centered on AI solutions, AI data centers, and Mobility as a Service, the company announced the establishment of a wholly owned subsidiary, sparking expectations for improved corporate value from the business transformation. Top Culture extended its gains. As a 40th anniversary shareholder benefit, the company announced it will give a 1,000-yen book card to shareholders holding 500 shares or more as of the end of October. BTCJPN plunged. The company announced the issuance of convertible bonds and warrants through a third-party allotment to EVO FUND, with a total CB issuance amount of 1.5 billion yen, an initial conversion price of 138 yen, a floor conversion price of 69 yen, and a maximum dilution rate expected to reach 110.08 percent. NYK Line rebounded sharply. As the United States resumed attacks on Iran and reports circulated of orders to prepare for a blockade of the Red Sea, the shipping sector topped the industry gainers on heightened caution over the Middle East situation. monoAI extended its sharp decline. The Tokyo Stock Exchange announced it would raise the margin requirement for margin trading to 50 percent or more, and Japan Securities Finance also implemented additional collateral collection measures, triggering selling in aversion to the news. Vitabrid Japan extended its gains. The company announced the introduction of a shareholder benefit program, granting 2,500 to 75,000 points to shareholders who hold 100 shares or more for at least three months, depending on the number of shares and holding period. Adventure declined. The company announced that cumulative downloads of its comprehensive travel booking app "skyticket" surpassed 25 million, but the weak market tone weighed on the stock.