Verdict Day: The Market Opens Below Every Line It Drew This Week

Signal week, verdict day — companion to this morning's Morning 10, written as the US premarket runs and before New York opens. The close, not the open, is the verdict.

Overnight: the selloff went global

Tokyo answered Thursday’s New York session with the week’s heaviest tape: the Nikkei fell more than 4,100 points at the afternoon worst — down 6.2%, under 63,000 — and closed off 4.7% at 63,674. The epicenter was the same one it has been all week: memory. Kioxia dove as much as 16%, and its market value has now roughly …