Kioxia Holdings' market value jumped as much as 7.2% on Wednesday, briefly
topping ¥45 trillion (~$281 billion) and overtaking Toyota Motor; the company
listed only 18 months ago. Junpei Tanaka, head of investment strategy at Pictet
Asset Management Japan, said the reshuffle could shift overseas investors' view
of Japan from a manufacturing-driven cyclical market to one increasingly defined
by AI-driven semiconductor growth, potentially drawing further capital.