Japanese technology equities suffered a sharp decline on Friday as selling pressure in U.S. semiconductor stocks spilled over into Asian markets.
The move underscores deepening investor anxiety regarding the valuation and demand sustainability of artificial intelligence infrastructure spending.
8% in the session. The conglomerate’s heavy exposure to chipmakers and AI infrastructure made it a primary target for profit-taking.
SoftBank Group led the losses, with shares tumbling 8.8% in the session.
The conglomerate’s heavy exposure to chipmakers and AI infrastructure made it a primary target for profit-taking.
Tokyo Electron, a key supplier of semiconductor manufacturing equipment, also faced significant downward pressure, reflecting the broad-based nature of the sector-wide selloff.
The rout was catalyzed by Taiwan Semiconductor Manufacturing Co.’s recent outlook, which failed to provide the reassurance investors were seeking.