SoftBank(US:SFTBY) 券商中国·2025-11-05 01:10Core Viewpoint - The ongoing sell-off in technology stocks has led to significant declines in the Japanese and South Korean stock markets, with major indices experiencing sharp drops due to concerns over high valuations and a strengthening dollar [1][2][4]. Group 1: Market Performance - The Nikkei 225 index in Japan fell over 1300 points, a decline exceeding 2%, while the KOSPI index in South Korea dropped over 4% [1][2]. - Major technology stocks such as SoftBank Group, Samsung Electronics, and SK Hynix saw significant declines, with SoftBank's stock plummeting over 10% [1][4]. - The KOSPI 200 index futures experienced a drop of more than 5%, triggering a trading halt mechanism in South Korea [1]. Group 2: Investor Sentiment - Analysts suggest that after a period of rapid gains, investors are increasingly concerned about the overvaluation of AI and semiconductor stocks, leading to profit-taking [1][4]. - The Nasdaq Composite in the U.S. also saw a significant drop of over 2%, reflecting a broader trend in technology stocks [4]. - High-profile investors, including Michael Burry, have expressed bearish sentiments, further heightening market anxiety [4]. Group 3: Currency Impact - The strengthening U.S. dollar has added pressure on high-valuation technology stocks, with the dollar index surpassing the 100 mark for the first time since August [1][5]. - The rise in the dollar is attributed to internal divisions within the Federal Reserve regarding interest rate cuts, which has led traders to adjust their expectations [7][8]. - The British pound has weakened significantly, contributing to the dollar's strength, as the UK faces economic challenges [7][10].