Kioxia Holdings share price briefly down 10% amid concerns over intensifying competition with Chinese companies

The story

As of 9:20 a.m., Kioxia Holdings (ticker 285A) shares had plunged on the Prime Market, falling 10.0% at one point to ¥15,750. They were down ¥1,755 from the previous day.

According to reports, Chinese memory giant CXMT is developing new products with increased capacity, which the market viewed as a factor behind concerns about intensifying competition. The article text describes this background.

At a glance

Share price trendKioxia Holdings shares down 10% at one point, falling to ¥15,750

As ofAround 9:20 a.m., Prime Market, ticker 285A

ChangeDown ¥1,755 from the previous day

BackgroundCXMT is reportedly developing new products with increased capacity

Market factorsConcerns about intensifying competition are believed to be behind the decline

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The NikkeiNews

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