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SoftBank Group led a broad retreat across Asian technology stocks, plunging 13% as concerns mounted over the rising cost of artificial intelligence infrastructure. SK Hynix fell 10% in the same move.
The declines tracked earlier losses in U.S. technology shares, turning a regional anxiety into a cross-market event.
A Broad Selloff, Not a Single-Stock Story The depth and width of the move set this apart from typical single-name turbulence.
Asian technology stocks fell broadly, with SoftBank's double-digit drop the most visible sign of the pressure.
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