Shares of semiconductor-memory major Kioxia Holdings showed signs of a rebound as of the close of trading on the 29th, and reports indicated that buying worth approximately ¥1 trillion could enter the market on the 29th. With the earnings announcement scheduled for the evening of the 30th, reports suggested that index-related buying could emerge on expectations of strong results.
Shares of semiconductor-memory major Kioxia Holdings are said to be rapidly attempting a recovery, with reports indicating that buying demand was present as of the closing price on the 29th. The background is said to include the impact of credit concerns surrounding a U.S.-based emerging AI infrastructure company and strong earnings from a major South Korean memory-chip maker.
On the 29th, index-linked funds are expected to make purchases worth approximately ¥1 trillion following an increase in TOPIX's free-float ratio, and Kioxia Holdings shares are expected to see index-related buying. It was also reported that the company is scheduled to announce its earnings on the evening of the 30th.