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KOKUSAI's significant decline, due to the weakness in US semiconductor stocks and the uncertainty in the memory market outlook.
KOKUSAI<6525> is significantly declining. Today, semiconductor-related stocks, which are the mainstay, are generally softening. In the US market, the SOX index is down 1.8%, with Intel and Applied Materials experiencing a significant decline of over 5%, leading to selling pressure spreading to domestic-related stocks. In addition, at Morgan Stanley MUFG Securities, the target stock price of five semiconductor front-end equipment manufacturers has been lowered, with the target price for the company reduced from 3900 yen to 3400 yen. The outlook for the memory market.
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