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Kioxia continues record high streak, driven by SOX index surge and exceptional trading volume

Wed Jun 3, 2026 9:07 am JST Catalyst

Kioxia Holdings <285A> extended its winning streak to five straight sessions on Wednesday, continuing to hit fresh record highs. Although the stock softened in Tuesday's morning session on futures-driven selling, robust institutional buying flooded in during the afternoon, triggering a sharp recovery to close up approximately 5,000 yen at the day's high. Overseas investors are believed to be the primary buyers, with turnover reaching a historic 3.20 trillion yen for the single issue, marking an all-time record and reflecting exceptional investor interest. This momentum continued into Wednesday.

On Wall Street, the Philadelphia Semiconductor Index (SOX) surged 5.9% on Tuesday to eclipse its previous record high. Among memory-related shares, while SanDisk fell for the first time in six sessions, Micron Technology extended its winning streak to three sessions, continuing its daily record-setting run and providing a tailwind for Kioxia. Kioxia announced a progressive dividend policy on Tuesday to maintain or increase payouts, with reports indicating it plans to pay its first dividend as early as the second half of the fiscal year ending March 2027, further fueling buying momentum. Large retail investors also appear to be participating; while margin buying balances have risen recently, the massive daily turnover means this is unlikely to weigh on the stock's upside.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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