As Japan's Nikkei 225 index fell 4.1% for a while, Kioxia led technology stocks to a sharp decline. Kioxia's stock price once fell sharply by 16%, and the memory chip maker's market capitalization shrunk by half from its peak in June. Screen, Lasertec, and Sumco chip-related stocks all fell more than 12%. The TSE Index fell 2.3%.

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