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Asia tech stocks slide in wake of Wall Street rout

Asia tech stocks slide in wake of Wall Street rout Asia tech stocks slide in wake of Wall Street rout

Digest opened free editor

The Japanese markets extended their slide on Tuesday, when heavy sales in technology shares was heading to the second day, partially driven by a decline overnight in NVIDIA shares.

In recent days, Deepseek, the novice in Chinese artificial intelligence, was amazed with the Silicon Valley with the apparently achieved progress of computing than its American competitors. President Donald Trump described Dibsic as a “call to wake up” for American industries.

NVIDIA lost about $ 589 billion of market value on Monday in historical diving after panic in Wall Street and Silicon Valley due to the Debceic threat to the continuous dominance of the United States in artificial intelligence and the need to invest hundreds of billions of dollars in the basic infrastructure.

The heavy NIKKEI 225 has decreased in technology about 1.5 percent in early trading, while the broader Topix, which is more local and has less weights for Japanese technology exporters, has been circulated.

The shares in the SoftBank Group collection, where more than 5.2 percent fell in early trading on Tuesday and its decrease this week extends to about 13 percent.

Analysts said that Softbank was particularly affected by the decline of 10 percent in the shares of ARM Holdings-the chips design company listed in the United States, in which the Japanese group has 88 percent stake

Kirk Bodri, an analyst who covers the company at Astris Consulting in Tokyo, said even after a plane crash this week, Softbank shares are higher than 43 percent of what it was in August.

“It seems terrible now, but it is normal for it to be normal for SoftBank,” he said. “It is another of her round trips, where she gets a great stumbling block and then returns to the ground.” Boodry continues to evaluate the company as “buy”.

Last week, the company’s founder, Masayoshi Son, accompanied Trump to unveil the joint Stargate project that will include SoftBank and Openai in an investment of $ 100 billion who said it might extend to $ 500 billion over a period of four years.

Chris Wood, Jeffrez expert, said Dibsic and promised him a low -cost Amnesty International model.

The sale in Tokyo focused on Disco, Advantest and Furukawa Electric- which has increased in recent months on expanding the expected demand on high-end chips, data centers and other prosecution-related industries.

The shares in Disco and Forokawa 5 and 7 percent, respectively, fell on Tuesday morning. Advantest fell more than 10 percent in the first 20 minutes of trading.

The sale process expanded to include companies such as Mitsubishi Heavy Industries, Hitachi and Kawasaki Heavy Industries, which until recently exchanging higher on the bet that it will benefit from the high investment in the electricity -related electricity infrastructure.

The US dollar has regained 0.3 percent against a basket of currencies in morning trading, while the yen weakened to 155.30 yen for each green.

The Hong Seng Index in Hong Kong opened 0.4 percent on Tuesday, led by Tencen, Alibaba and Baidu, although SMIC is the Chipmaker maker fell more than 2 percent after the open. South Korea and Taiwan are closed to spend the lunar day, while Hong Kong stops trading at the end of the morning session.

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2025-01-28 02:26:00


#Asia #tech #stocks #slide #wake #Wall #Street #rout

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