SoftBank and Asian chip stocks surge after Wall Street rebound
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Asian technology shares rallied Tuesday, tracking an overnight U.S. rebound as falling oil prices lifted sentiment after last week’s sell-off. Japan’s SoftBank Group rose 12%; SK Hynix gained 8.01% and Samsung Electronics 5.32%. The Nasdaq Composite climbed 2.74% and the S&P 500 2.35%, its best day since April 8, after pressure from midterm-election fears over data-center limits and doubts about AI infrastructure spending and returns.
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