Asian technology stocks fell broadly, with SoftBank Group's stock price once plummeting over 9%

Asian technology stocks fell, with SoftBank Group's stock price plummeting 9.17% on Wednesday, influenced by the overnight decline in U.S. tech stocks. The Japanese technology investment company's stock price has dropped for the second consecutive trading day after it announced a $2 billion investment in Intel. Intel's stock price rose 6.97% in the U.S. on Tuesday, closing at $25.31. Other Japanese tech stocks also saw declines, with semiconductor giant Advantest's stock price falling 6.27%. Meanwhile, Renesas Electronics and Tokyo Electron dropped 2.46% and 0.75%, respectively. The overnight drop in U.S. tech stocks was also attributed to the decline of AI darling Nvidia. Sources indicate that U.S. Secretary of Commerce Gina Raimondo is considering allowing the federal government to take equity stakes in semiconductor companies that receive funding to build factories in the U.S. under the CHIPS Act. Taiwanese chip company TSMC and manufacturer Foxconn saw their stock prices drop 1.69% and 2.16%, respectively. TSMC produces high-performance graphics processors for Nvidia, which power large language models, while Foxconn has established a strategic partnership with Nvidia to jointly build "AI factories." Meanwhile, most South Korean tech stocks fell, with chipmaker SK Hynix's stock price dropping 3.33%. However, Samsung Electronics rose 0.75%