{"id":118405,"date":"2025-11-05T00:57:09","date_gmt":"2025-11-05T00:57:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/118405\/"},"modified":"2025-11-05T00:57:09","modified_gmt":"2025-11-05T00:57:09","slug":"softbank-shares-plunge-10-as-asian-ai-linked-stocks-slide-on-valuation-jitters","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/118405\/","title":{"rendered":"SoftBank shares plunge 10% as Asian AI-linked stocks slide on valuation jitters"},"content":{"rendered":"

A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013. <\/p>\n

Toru Yamanaka | Afp | Getty Images<\/p>\n

Shares of Asian AI-linked companies fell Wednesday, tracking declines in U.S. peers, as investors turned wary of stretched valuations in the market’s most crowded trades.<\/p>\n

Shares of SoftBank<\/a> fell 10%, while Advantest declined over 8%. Samsung Electronics slid 4.9%, while SK Hynix lost nearly 6%. Renesas Electronics was down 5.48%. <\/p>\n

That comes after Palantir dropped about 8% overnight, even after topping expectations for the third quarter, as sky-high valuations for the U.S. software company \u2014 and the broader AI theme \u2014 hit investor sentiment. The AI-led rally has pushed the S&P 500’s forward P\/E above 23\u2014its highest since 2000<\/a>, according to FactSet. <\/p>\n

The surge in chipmakers SK Hynix and Samsung Electronics this year has helped push South Korea’s Kospi Index to record highs.<\/p>\n

“There is fear of an AI correction, and if it comes, it will sweep the rest of the market with it due to the heavy weight of the leading names,” market veteran Louis Navellier wrote in a note.<\/p>\n

This is breaking news. Please check back for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in…\n","protected":false},"author":2,"featured_media":118406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,2339,553,220,111,139,69,17201,83741,145,1430],"class_list":["post-118405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-markets","tag-business-news","tag-markets","tag-new-zealand","tag-newzealand","tag-nz","tag-palantir-technologies-inc","tag-softbank-corp","tag-technology","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/118405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=118405"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/118405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/118406"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=118405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=118405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=118405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}