Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Clacton voters go to the polls in Westminster by-election

    August 13, 2026

    Twitch content has trained Amazon AI for years, but users can opt out now

    August 13, 2026

    South Korea Kospi bull market: SK Hynix, Samsung surge

    August 13, 2026
    Facebook X (Twitter) Instagram
    Addison Markets
    • Home
    • USA
    • Europe
    • Business
    • Investing
    • Tech
    • Politics
    • Contact Us
    Addison Markets
    Home»Business»SoftBank shares: tech rout in Asia and Wall Street
    Business

    SoftBank shares: tech rout in Asia and Wall Street

    franperez66q@protonmail.comBy franperez66q@protonmail.comJune 26, 2026No Comments2 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email


    The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025.

    Kazuhiro Nogi | AFP | Getty Images

    SoftBank Group plunged more than 11% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure. 

    The Japanese conglomerate led losses across the region after the Nasdaq Composite fell for a fourth straight session overnight. The tech-heavy index dropped 0.46% as a 6% plunge in Apple overshadowed Micron‘s stronger-than-expected earnings. 

    Stock Chart IconStock chart icon

    The weakness also spilled into Asia’s semiconductor sector. South Korea’s SK Hynix fell more than 3%, while Samsung Electronics lost nearly 3%. Technology-focused investment holding company SK Square was down around 7%, while LG Electronics and Seoul Semiconductor also traded lower. 

    Japan’s Advantest declined over 6%, while Tokyo Electron was similarly down more than 2%.

    Overnight on Wall Street, Apple led declines after announcing price increases for its MacBook and iPad products, citing higher component costs, including chips.

    This has fueled concerns that soaring semiconductor prices could eventually squeeze the margins of major technology companies.

    Microsoft fell 3.5% after raising prices on Xbox consoles, while Alphabet and Meta Platforms also declined.

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    franperez66q@protonmail.com
    • Website

    Related Posts

    Treasury yields retreat, 10-year hovers around January 2025 highs

    July 24, 2026

    The Club’s top 10 things to watch in the stock market Friday

    July 24, 2026

    Friday’s biggest analyst calls include Nvidia

    July 24, 2026

    Tech wealth fuels record prices for dinosaur bones, art and watches: Experts

    July 24, 2026

    Novo Nordisk looks to block Eli Lilly weight-loss drug ads

    July 24, 2026

    Intel’s turnaround under CEO Lip-Bu Tan gains steam with another strong quarter

    July 24, 2026
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    Clacton voters go to the polls in Westminster by-election

    August 13, 2026

    Twitch content has trained Amazon AI for years, but users can opt out now

    August 13, 2026

    South Korea Kospi bull market: SK Hynix, Samsung surge

    August 13, 2026

    Have physicists finally discovered glueballs? New evidence points to yes.

    August 13, 2026
    © 2026 All right reserved
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.