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Golden Ten Data, June 23rd | JPMorgan released a report stating that it remains optimistic about Kioxia's medium- to long-term growth trajectory and competitive advantages. As the supply and demand pressure caused by major shareholders selling their holdings dissipates, the bank sees multiple new catalysts emerging, including Long-Term Agreements (LTA), shareholder returns, and software solutions, which further drive up the company's valuation. In addition, the company's influence in the NAND market is expected to increase, mainly benefiting from the rising proportion of BiCS8/10, which leads to a sustained decrease in unit bit costs, as well as the introduction of ultra-high IOPS SSDs. The bank raised its earnings per share forecasts for Kioxia for the fiscal years 2026 to 2028 by 8% to 11% (9% to 41% higher than Bloomberg market consensus during the forecast period), increased its target price for December 2026 from 80,000 yen to 155,000 yen, and recommends investors accumulate the company's shares.

Golden Ten Data reported on June 23 that, according to Yonhap News Agency, Korean Minister of Trade, Industry and Energy, Ahn Duk-geun, stated on the 22nd that a positive consensus was reached during consultations with the European Union regarding tariff quotas on Korean steel. Reportedly, beginning July 1, the EU will implement new regulations, reducing the annual tariff-free steel import quota from the current 33.82 million tonnes by 46% to 18.35 million tonnes, and increasing the tariff rate for imported steel exceeding the quota from the current 25% to 50%. In response, the Korean government has been in continuous negotiations with the EU to maximize its duty-free steel import quota. Ahn Duk-geun indicated that Korea's current tariff-free quota is about 2.58 million tonnes, and the EU has promised that even if the import quota for Korean steel is reduced, the decrease will not reach 46%, though no specific figure was mentioned. Asked whether the Korean side has made concessions, Ahn Duk-geun replied that no significant concessions were made, and emphasized strongly that the EU’s move violates the free trade agreement, and that Korea could also take retaliatory measures.

The sell-off in tech and chip stocks caused Asian markets to decline, with South Korea's Kospi index dropping by 6%. Bitcoin also fell, with a weekly decrease of over 3%, and its price dropping towards $63,000.