Kioxia Holdings' share price fell 12% on the 19th in the Tokyo stock market. The sharp decline in U.S. SanDisk spilled over, broadening selling pressure on AI and semiconductor-related stocks and sending the Nikkei 225 sharply lower.
The Tokyo stock market fell sharply for a second consecutive session on the 19th, with the Nikkei 225 ending at around ¥66,326.42, down ¥2,134.31 from the previous day. The decline was driven by falls in U.S. semiconductor stocks and global upward pressure on interest rates, while stocks with high exposure to high technology also fell broadly across Asian markets.
Kioxia Holdings was among the stocks in focus, trading around 12% lower. The reported explanation was that the impact of a sharp decline in U.S. SanDisk had spilled over, with selling pressure spreading to AI and semiconductor-related stocks.
In Asian markets, the KOSPI and Taiwan Weighted Index fell sharply, and developments in technology stocks drew investor attention against the backdrop of trends in the United States and Europe. This strengthened risk aversion across the broader market.