Kioxia Holdings shares dropped as much as 11% on June 8, 2026. Intraday losses for the company fluctuated between 8.7% and 11%. This decline followed a broader rout across Asian technology and semiconductor sectors.
The Philadelphia Semiconductor Index (SOX) collapsed by over 10% the preceding Friday. Strong U.S. employment data renewed investor fears of further Federal Reserve interest rate hikes. Broadcom also issued a softer-than-expected forecast for AI chip demand.
Japan's Nikkei 225 index fell nearly 4% during the session. Samsung Electronics and Tokyo Electron also recorded significant share price drops. Investors engaged in widespread profit-taking on semiconductor stocks perceived as overheated.