Against a backdrop of rising global interest rates and higher oil prices, the Tokyo market saw a broad-based selloff on the 2nd. After Kioxia Holdings’ stock plunged, overseas investors met with the company at an event in Tokyo to look for signs of a recovery.
Against the backdrop of global financial and resource market conditions, the Tokyo Stock Exchange saw a broad-based selloff on the 2nd. Even so, Kioxia Holdings maintained a degree of interest among overseas investors and showed resilience on the downside.
Bank of America (BofA), a major US bank, held a Japanese equities conference in Tokyo through the 4th. The large event, attended mainly by overseas investors, became a focal point for investment themes. Using Kioxia as a case study, overseas investors exchanged views with people involved about the company’s outlook and future supply-and-demand trends.
The article includes subscriber-only content, but reports that overseas investors held meetings related to Kioxia, confirming moves to look for signs of a recovery.