Monday’s memory tape looked like one trade and was actually two. Kioxia closed up 15.07% at ¥61,840 in Tokyo, inside a Nikkei that gained 0.74% to 69,220.25. CXMT closed up 12% at ¥61.80 in Shanghai, a record, lifting its market capitalisation to ¥4.13 trillion and holding the title of China’s most valuable listed company, which it took from Tencent on Thursday. Nanya extended a month that has now delivered more than 30%. Micron traded up 3% pre-market, SanDisk up 5%, and the SK Hynix ADR up 4%. South Korean markets were shut for a holiday.