The Chonkerton

Asian technology stocks extend sell-off with SoftBank down 10% as AI plays take a hit

tech

Asian technology stocks extended their downward slide, with semiconductor and artificial intelligence plays taking the heaviest losses. Per CNBC, SoftBank fell ten percent as the region followed weakness from U.S. markets. Chinese internet stocks including Tencent, Meituan, Baidu, and Kuaishou bucked the regional trend and rose instead.

Source: https://www.cnbc.com/2026/07/29/chip-selloff-sk-hynix-sam...

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton