$KIOXIA HOLDINGS CORPORATION UNSPON ADR EACH REP 0.1 COM(KXIAY.US) dumped -10%, which is particularly eye-catching; it took the deepest hit in this storage sector pullback; $Wolfspeed(WOLF.US), $Navitas Semiconductor(NVTS.US), $HUA HONG GRACE(01347.HK), and $DELTON(01989.HK) all saw small declines, with magnitudes very close to each other 😪. Once expectations for storage prices loosen, those with high elasticity are sold first, while the power and foundry stocks seem more like they were dragged down along with the sector sentiment.
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