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SoftBank sinks 10% as Asia tech stocks tumble, tracking Wall Street losses
SoftBank's stock dropped 10% as Asian semiconductor and technology stocks declined, following losses on Wall Street. The downturn in Asia reflects broader tech sector weakness linked to overnight market trends.
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Adjacent reporting
- SoftBank's shares are down 10% amid broader tech sell-off
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
- Nasdaq sinks 3% as tech sell-off reignites
- Asian shares drop, with South Korea’s Kospi down more than 5%
- Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names
- US stocks fall further from their records