SoftBank Shares Jump 15% as Asian Technology Stocks Rebound

SoftBank Group shares rose about 15% in Tokyo on Tuesday, leading a rebound in Asian technology stocks after Wall Street rallied and oil prices fell sharply, in a turn in risk sentiment that also matters to crypto markets. The stock had advanced more than 13% earlier before reaching roughly 15%. Semiconductor equipment makers joined the move: Lasertec rose 6.74%, while Disco gained 6.01%. Asian technology shares were recovering from an AI-related selloff, the backdrop to Tuesday’s shift. SoftBank’s gain exceeded the increases recorded for Lasertec and Disco. The equity rebound followed two broader market developments: a strong rally on Wall Street and a sharp decline in oil prices. Those moves accompanied the turnaround in Asian trading, while SoftBank’s outsized rise made it the leading name in the recovery.

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