SoftBank Stock Surges 15% As Asian Tech Shares Recover From AI Selloff

Published by

Anjali Belgaumkar

November 10, 2026

Hand holding torn financial chart split between green growth and red crash

Asian technology stocks bounced back strongly on Tuesday, following a powerful rebound on Wall Street and a sharp fall in oil prices. SoftBank Group led the recovery, jumping more than 13% and later trading about 15% higher in Tokyo. Chip equipment makers also gained, with Lasertec up 6.74%, Disco up 6.01% and Tokyo Electron climbing 4.73%. In South Korea, SK Hynix rose 5.2%, Samsung Electronics added 3.9% and Samsung SDI gained 6.87%. TSMC edged up 0.45%, and China’s ChiNext index rose 1.4%. Overnight, the Nasdaq Composite climbed 2.74% and the S&P 500 gained 2.35%, its best day since April. The bounce follows a steep global tech selloff driven by fears that Democrats could restrict data centre construction. Trade Nation’s David Morrison cautioned that investors buying the dip may be acting too early.

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