SoftBank sinks 10% as Asia tech stocks tumble, tracking Wall Street losses
Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street.

Asian semiconductor and technology stocks fell on Wednesday, tracking overnight losses on Wall Street.
The latest clash with Iran over the Strait of Hormuz came as President Donald Trump repeated that a deal with Tehran could be reached within days.
Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.
An executive exodus at BP has sparked intense scrutiny from investors.
U.S. cybersecurity giant CrowdStrike said China-based entities made over half of state-sponsored cyberattacks on tech firms for artificial intelligence assets.
Oil prices rose after the U.S. launched military strikes against Iran, raising concerns that renewed clashes may threaten shipping through the Strait of Hormuz.
The Middle East conflict has given China's economy a reflationary boost as energy and raw material disruptions deepened.
Super Micro is the latest company tied to the AI boom to announce that it's tapping the capital markets.
If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.
Anthropic said the broad release is possible because of new safeguards that block responses in specific high-risk areas.
Thoma Bravo founder Orlando Bravo says AI offers an "enormous tailwind" for software companies.
Vinted is seeing a structural shift in consumer behaviour as habits form around the resale economy, its marketplace CEO told CNBC.
CNBC's Jim Cramer said tech stocks are losing key traits that fueled their leadership since 2023.
PIF is set to stop funding the golf league after the 2026 season, though LIV's Scott O'Neil could not guarantee that the final four tournaments will take place.
The platform will require traders to disclose their employer's identity when trading on sensitive markets, a Wall Street Journal article first reported.
Investors' favorite trade is suddenly the one they can't stop betting against.
GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.
It's key to assessing the aircraft manufacturer's turnaround story under CEO Kelly Ortberg.
A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.
Eric Trump and Donald Trump Jr. celebrated a deal with Alt5 Sigma that generated roughly $500 million for the Trump family. The company's shares are down 93%.
Gov. Kathy Hochul in May signed a New York law that barred agreements with ICE that made it easier for the agency to detain immigrants who had been jailed.
The Social Security Administration has released a report with new projections as to when the trust funds that help pay benefits may be depleted.
The U.S. House on Tuesday approved a $70 billion immigration enforcement funding package after months of debate.
Apple unveiled new artificial intelligence software at WWDC, highlighted by its long-awaited update to Siri.