Kioxia shares rise further on report that SK hynix will build a plant in Miyagi

Amid reports that SK hynix plans to build a plant in Miyagi, Kioxia shares rose further in the afternoon session, reaching ¥55,470, up ¥2,520 from the previous day.

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The story

According to a Nikkei report, Kioxia shares rose further in the afternoon session, climbing to ¥55,470, up ¥2,520 from the previous day. The article cites reports that SK hynix plans to proceed with construction of a plant in Miyagi Prefecture as a key factor.

The Korea Composite Stock Price Index (KOSPI) also rose in Asian markets that day, which may have affected stocks with a high weighting of semiconductor companies. Market trends are believed to have contributed to activity in related stocks, including Kioxia.

At a glance

StocksKioxia rises further in the afternoon session, climbing to ¥55,470

CounterpartySK hynix reportedly plans to build a plant in Miyagi

Market TrendsKOSPI rises in Asian markets on the 21st, with gains concentrated in semiconductor stocks

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