KIOXIA is trading 10.18% down at $7.59, with Kioxia-specific reporting warning leveraged buyers may face forced selling; no company announcement has been reported.
- Outstanding leveraged long positions were about ¥920 billion as of October 15, while trading turnover had dropped 84% from its peak.
- The decline coincided with broader technology and chip selling as investors reassessed AI spending and rising macroeconomic risks. A contemporaneous market report named Kioxia among Japan’s biggest percentage losers.