SoftBank stock plunges 11% in Tokyo as a global AI rout triggers a wipe out for tech momentum winners over infrastructure spending concerns.

Japanese AI-linked stocks tumbled as a fresh rout in U.S. semiconductor shares spread across Asia after Taiwan Semiconductor Manufacturing's outlook failed to reassure investors.

Tokyo and Taipei led losses on a glum day for Asian markets Friday, with tech firms once again in the crosshairs as investors cash in following this year's breathtaking rally.

Japan's Nikkei 225 plunged 5% as investors dumped chipmaker and AI stocks. SoftBank, Tokyo Electron, and Advantest led losses amid a global tech rout.

Global stocks fell $1.3T as AI trade reverses, impacting tech stocks. Market signals show a 97% NO on a rebound in tech by year-end.

SoftBank stock plunges 11% in Tokyo as a global AI rout triggers a wipe out for tech momentum winners over infrastructure spending concerns.