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Asian technology stocks extend sell-off with SoftBank down 7% as AI plays take a hit

MSN
Jul 29, 2026 at 03:04 AM

Asian technology stocks extended their sell-off, led by semiconductor declines following weak U.S. sessions. SK Hynix dropped over 10%, while SoftBank fell more than 7%. Despite the pullback, Aberdeen Investments views the volatility as an opportunity to add exposure to high-quality businesses at attractive valuations, maintaining a long-term positive outlook.

Asian technology stocks extended their selloff on Wednesday, with semiconductor names leading declines after another weak session in the U.S.

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