KIOXIA is trading 4.8% lower at $34.07 on September 28, as Asian memory-chip stocks weakened amid renewed AI-development concerns. - Reports linked the sector selloff to renewed AI-development concerns after OpenAI paused work on some advanced models. - Kioxia’s Japanese-listed shares were also reported lower. - Broader risk-off pressure followed the U.S. rejection of Iran’s proposal, which pushed oil higher and kept bond yields under pressure. Reuters reported Asian markets mostly lower and U.S. equity futures down.