SoftBank Drops 10% Amid Asia Tech Stock Declines and Wall Street Losses

Asian semiconductor and tech stocks fell on Wednesday, following overnight losses in the U.S., with SoftBank Group dropping 10%. The decline was driven by concerns over AI valuations and a stalled $6 billion margin loan backed by OpenAI stake. Major chipmakers like Advantest, Renesas Electronics, SK Hynix, Samsung Electronics, TSMC, and Hon Hai also saw significant declines.

By Lee Ying Shan · CNBC · June 10, 2026, 06:16 UTC

SoftBank Drops 10% Amid Asia Tech Stock Declines and Wall Street Losses

Topics: AI investment trends semiconductors technology stocks

Read the full article at CNBC

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