Japanese memory maker hits daily limit as semiconductor stocks tumble in Asia and US
Across Asian markets, equity benchmarks declined on Friday, led by a sharp selloff in AI proxy stocks. (Photo by Kazuho Fujiwara)
JADA NAGUMO
July 17, 2026 12:29 JST
Updated on July 17, 2026 14:07 JST
TOKYO — Japanese memory maker Kioxia Holdings was down 16% on Friday as investors unwind their previously accumulated leverage against tech stocks amid concerns over the longevity of the AI-led rally.