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SoftBank Plunges 12% on Friday, Leading Asian Tech Selloff Amid Nasdaq Decline

2026-06-26 02:17:09

According to CNBC, SoftBank Group plunged over 12% on Friday, leading a broad selloff in Asian technology stocks as the Nasdaq Composite fell for a fourth consecutive session overnight, dropping 0.46%. Apple declined 6% on Wall Street, while Arm Holdings, SoftBank's chip designer subsidiary, fell 3.2% overnight. The weakness extended across Asia's semiconductor sector, with South Korea's SK Hynix down more than 3% and Samsung Electronics losing nearly 3%. Japan's Advantest declined over 6%, while Tokyo Electron fell more than 2%.

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