SoftBank Group Shares Plunge Over 9% Amid Asian Tech Stocks Following U.S. Market Declines

Japanese tech giant SoftBank Group’s shares plunged 9.2% Wednesday, following declines in U.S. tech stocks despite Intel’s 6.97% rise after SoftBank announced a $2 billion investment. Other Japanese tech firms also fell, including Advantest (-6.27%), Renesas Electronics (-2.46%), and Tokyo Electron (-0.75%). South Korean, Taiwanese, and Hong Kong tech stocks dropped, influenced by Nvidia’s AI-driven share decline. TSMC and Foxconn fell 1.69% and 2.16%, while SK Hynix declined 3.33% and Samsung rose 0.75%. Hong Kong’s Hang Seng Tech Index lost 0.87%, with major decliners including Kuaishou, JD Health, Horizon Robotics, Alibaba, and Xiaomi.