Kioxia shares decline 16% amid broader AI sector deleveraging
Kioxia Holdings shares dropped 16% following a broader market correction in AI-linked equities. The decline reflects investor concerns over valuation sustainability and potential cooling in semiconductor demand, though the extent of systemic deleveraging remains uncertain.
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Russia — 11 developments
Global Equity Market Correction Driven by Tech Sell-off and Geopolitical Risk
Global equity markets are undergoing a significant correction, confirmed by historic declines in the Nikkei 225 and broad sell-offs in the semiconductor and tech sectors. This downturn is compounded by escalating geopolitical tensions, particularly between the US and Iran, and domestic pressures on the Russian MOEX index from drone strikes and sanctions. Key uncertainties remain regarding the extent of systemic contagion and whether current divestments are strategic or liquidity-driven.