From The Japan Times · Kentaro Tsutsumi · · 50s
Kioxia shares face margin-buying risks
Kioxia shares drop as margin traders face losses from overbought positions.
In brief
Kioxia shares drop as margin traders face losses from overbought positions. Kioxia shares face downward pressure after margin buying surged to ¥920 billion ($5.8 billion) on Tokyo Stock Exchange. Originally reported by The Japan Times.
Kioxia shares face headwinds
Kioxia Holdings shares face further downward pressure due to margin buying gone wrong.
Margin positions hit ¥920 billion
Outstanding leveraged long positions in Kioxia totaled about ¥920 billion ($5.8 billion) as of Oct. 15.
Trading activity declines
Kioxia trading activity has declined with turnover dwindling by 84% from peak to ¥766 billion.
Analyst warns of risks
Matsui Securities chief market analyst Tomoichiro Kubota says margin buying has become extremely bloated.
“The problem is that margin buying has become extremely bloated”
Risk of deeper fall
Retail investors could be forced to dump shares as margin deadlines approach.
In short
Kioxia shares face downward pressure after margin buying surged to ¥920 billion ($5.8 billion) on Tokyo Stock Exchange.
