Kioxia Holdings shares fell 6% on the Tokyo market on the 14th, with AI-related stocks broadly sold off amid concerns over slowing AI development and reports that US-based OpenAI would defer its listing until next year.
The Nikkei Stock Average fell for a second consecutive session on the Tokyo market on the 14th, closing ¥518.35 below the previous weekend at ¥63,492.99. It fell to its lowest level in roughly one and a half months, since 30 July, as developments in the United States and caution toward AI-related stocks weighed on the market.
AI and semiconductor-related stocks broadly declined amid reports that US-based OpenAI would defer its listing until next year and concerns over a slowdown in the pace of AI development, weighing on the Nikkei.
Kioxia Holdings shares fell 6%, with the decline temporarily exceeding ¥1,200. The Nikkei also fell below ¥63,000 at one point during trading.