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.