Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kioxia slid 18% Tuesday, further paring the rally that briefly made it Japan’s most valuable company last month. SK Hynix has shed around $570 billion in market value since the stock hit a record high in June.
- The benchmark Kospi Index plunged nearly 11%, with Samsung Electronics and SK Hynix tumbling over 13% each.
- Asian software makers’ shares were mostly higher, tracking gains in US peers and benefiting in part from a selloff in semiconductor manufacturers and other companies tied to the AI infrastructure build out. In Japan, Nomura Research and BayCurrent rise 4.4% each
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