Japanese tech shares tumble as U.S. semiconductor selloff spreads

According to CNBC, Japanese technology stocks fell on Friday after a fresh drop in U.S. semiconductor shares spread across Asia, with investors growing more concerned about AI spending. SoftBank sank 8.8%, Tokyo Electron lost 9%, and Advantest fell 9.4% after steep overnight losses on Wall Street. Kioxia plunged more than 14% after a federal jury in Texas ordered it to pay $229 million in damages for infringing a Viasat patent tied to computer memory technology. The Nasdaq Composite fell 1.47% on Thursday, while the VanEck Semiconductor ETF lost almost 4%. TSMC raised its full-year capital expenditure forecast to $60 billion to $64 billion from $52 billion to $56 billion, but sentiment stayed weak as investors worried about the sector's spending cycle.