Asia Tech Stocks Extend Selloff: SoftBank Plunges 7.5%, Seoul's Kospi Drops 8% as Investors Sour on AI-Linked Names

Asian technology stocks extended the prior week's US selloff on June 8, with SoftBank falling over 7.5%, South Korea's Kospi plunging as much as 8% (Samsung Electronics and SK Hynix each down ~5%), TSMC declining 2.1%, and Foxconn falling 5.1%, following Broadcom's below-consensus AI chip guidance and deepening market skepticism about AI capex returns. The move follows an estimated $1.8 trillion erasure in S&P 500 market cap the prior week, with Nvidia down 5% and AMD down 5% at the US open as the rout spread across the chip complex. The broad decline across AI semiconductor and infrastructure names reflects a rotation away from growth-at-any-cost AI positioning as investors reassess return timelines on $180B+ annual capex commitments from hyperscalers.