{
  "id": 15517281,
  "title": "Kioxia shares face headwinds from margin-buying gone wrong",
  "url": "https://urgent.news/2026/10/18/kioxia-shares-face-headwinds-from-margin-buying-gone-wrong-15517281",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T23:38:19.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/kioxia-shares-face-headwinds-margin-buying-gone-wrong"
  },
  "original_language": "en",
  "account": "Kioxia shares are facing downward pressure due to a buildup of leveraged long positions from investors who borrowed to buy the stock, anticipating a rise in its price. As of October 15, outstanding leveraged long positions in Kioxia's stock totalled about 920 billion yen (US$5.8 billion), the highest among all companies listed on the Tokyo Stock Exchange. Trading activity in Kioxia has declined by 84% from its peak, with turnover shrinking to 766 billion yen, leaving some margin traders at risk of being forced to close out their positions at a loss. Analysts suggest that the problem lies in the extremely bloated margin buying, which could lead to a deeper fall if retail investors are compelled to sell their shares as margin deadlines approach. Kioxia, a major Japanese stock by market capitalization, specializes in Nand flash memory used in AI servers. Its share price has fallen 63% from a June record high. Despite strong earnings outlook and a lower forward price-to-earnings ratio compared to its US peer SanDisk, few drivers suggest that trading intensity may return to its previous level.",
  "summary": "Outstanding leveraged long positions in the stock total about 920 billion yen as at Oct 15",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Kioxia Shares Face Headwinds From Margin-Buying Gone Wrong",
        "url": "https://urgent.news/2026/10/18/kioxia-shares-face-headwinds-from-margin-buying-gone-wrong",
        "published": "2026-10-18T21:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}