Kioxia Holdings shares tumbled sharply, falling as much as 16 percent from the previous day to 52,130 yen. The sell-off was triggered by a negative reaction to declines in US semiconductor stocks, with SanDisk dropping over 12 percent and Micron Technology falling more than 5 percent. The selling spread to Kioxia, which makes NAND flash memory. With the South Korean market closed for a holiday, some market participants suggested the stock became a target for hedging sales as a substitute for Samsung Electronics and SK Hynix.
SK Hynix Inc
Kioxia Holdings Corporation
Micron Technology Inc
Sandisk Corp
Samsung Electronics Co Ltd