Japan's storage stock Kioxia plunged more than 10% intraday, with its market capitalization halved from its June peak
BlockBeats news, on July 17, according to Bitget market data, Japanese storage stock Kioxia plunged by more than 10% during trading, and its market value has halved compared to its June peak.
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On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
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