Japanese storage chip firm Kioxia dropped over 10% intraday, with its market capitalization now halved from its June peak.

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According to Bitget market data, Japanese storage stock Kioxia plunged more than 10% intraday, its market capitalization has halved from the June peak, and the Nikkei 225 index is currently down 2.18% intraday.

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A whale heavily invested in semiconductor stocks has liquidated all its holdings at a loss, with losses mainly stemming from positions in MRVL, SanDisk and SK Hynix.

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