Kioxia Holdings shares fell 12.86% on the Tokyo Stock Exchange on July 13. This decline occurred amid a broad sell-off of semiconductor and AI-related stocks. Japan’s Nikkei 225 index dropped 1,315 points, representing a loss of nearly 2%.
A sharp decline in SK Hynix shares following its U.S. listing triggered the regional sell-off. South Korea’s KOSPI index crashed nearly 9%, which activated market circuit breakers. This negative sentiment spread to Tokyo and impacted major technology stocks. Heightened geopolitical tensions in the Middle East further contributed to the risk-averse market mood.