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A 10% session drop in SoftBank is leading Asia's technology sell-off as AI-linked plays take a broad hit across the region. The losses have not spread evenly.
Chinese internet stocks listed in Hong Kong moved in the other direction, with Tencent, Meituan, Baidu, and Kuaishou all trading higher while the wider regional technology complex sold off.
SoftBank and the pressure on AI names SoftBank's decline places it at the center of a reassessment playing out across Asian technology.
As one of the most prominent holders of AI and high-growth technology positions, the conglomerate functions as a direct proxy for sector sentiment. A 10% print is a meaningful move for a name of that size.
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