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.

The session marked a sharp change in risk sentiment, a broader market signal relevant to crypto as well as equity traders. Gains across SoftBank and two semiconductor equipment makers showed the recovery was not confined to a single stock.