<p>SoftBank Group (9984.JP) closed today (11th) at 17,225 yen, down 1,435 yen or 7.68% for the day. Although the Federal Reserve cut interest rates by 0.25 basis points as expected and Powell's speech was dovish, Oracle's post-earnings plunge of over 10% raised concerns. The cloud business and future contract amounts fell far short of expectations, leading to worries about the substantial capital expenditure returns for data centers, dragging down a number of technology and AI-related stocks, with SoftBank Group being hit hardest</p>

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<p>SoftBank Group (9984.JP) closed today (11th) at 17,225 yen, down 1,435 yen or 7.68% for the day. Although the Federal Reserve cut interest rates by 0.25 basis points as expected and Powell's speech was dovish, Oracle's post-earnings plunge of over 10% raised concerns. The cloud business and future contract amounts fell far short of expectations, leading to worries about the substantial capital expenditure returns for data centers, which dragged down a number of technology and AI-related stocks, with SoftBank Group being hit the hardest</p>

SoftBank Group (9984.JP) fell 7.68% for the day as Oracle's poor performance dragged down the tech sector