SoftBank Leaps 12% as Asian Chip Stocks Roar Back After Wall Street Rally
Asian tech stocks ripped higher Tuesday, with SoftBank Group jumping 12% and SK Hynix up 8.01%, after a Wall Street rebound and a sharp drop in oil prices calmed nerves. The rally claws back ground lost in last week's chip sell-off, which was stoked by fears over U.S. midterm fallout for data centers.
- Original source: cnbc.com.
- The source published it on Nov 10, 2026 at 12:42 AM.
- No second outlet has reported it yet. Treat it as a single-source claim.
SoftBank Group led the charge in Tokyo, climbing 12%. Chip-testing equipment maker Advantest added 5.41%, Tokyo Electron gained 5.88%, and Lasertec and Disco rose 6.34% and 6.95% respectively.
Korea's chip majors joined in. SK Hynix jumped 8.01% and Samsung Electronics rose 5.32%, while battery maker Samsung SDI climbed 6.27%.
The move tracked a strong overnight session in New York, where the Nasdaq Composite climbed 2.74% and the S&P 500 rose 2.35% — its best day since April 8. A sharp decline in oil prices lifted the mood across markets.
Tuesday's buying reverses part of last week's bruising global tech sell-off. That slide was driven by worries that Democrats' sweeping midterm victory could bring tighter restrictions on data-center development, hitting demand for AI chips and the infrastructure built around them.
TopicsSoftBank Group · SK Hynix · Samsung Electronics · Samsung SDI · Advantest · Tokyo Electron · Nasdaq Composite · S&P 500
Source: cnbc.com
Written by Paparazzi with AI. Not financial advice.
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