The Nikkei Average recovered to the 70,000 range in Tokyo trading on the 5th, but shares of Kioxia Holdings lost momentum. There are reports that individual investors who bought on margin when prices peaked in June need to close out their positions by year-end.
The Nikkei Average recovered to the 70,000 range, but Kioxia shares, which had been the day’s focus, have been losing momentum. Some observers say individual investors who bought on margin at the June high need to close out their positions by year-end.
Individual investors using margin trading are facing mounting unrealized losses, and selling by investors waiting for a rebound is being watched as a factor that could worsen supply and demand. The case of an individual investor in their 40s living in Tokyo is also cited.
The article is available to members only, and readers are advised to register to continue reading. Related links and other articles from the Scramble series are also provided.