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SoftBank slides as Asia chip stocks follow Wall Street AI sell-off
The drop in Japanese AI-linked shares came after investors sold U.S. semiconductor stocks despite Taiwan Semiconductor Manufacturing’s outlook.
SoftBank shares fell more than 9% as a broader sell-off in Asia tracked weakness in U.S. semiconductor stocks tied to AI demand expectations, according to CNBC Markets.
The declines spread to other Japanese AI-linked names as investors reacted to a new rout in U.S. chips, with sentiment pressured after Taiwan Semiconductor Manufacturing’s outlook failed to reassure the market, CNBC World reported.
The move underscores how closely investors are linking Asian equity performance for AI beneficiaries to momentum in U.S. semiconductor stocks.