SoftBank Group's share price plunged in the Tokyo stock market on the 5th. Views spread that Arm's outlook had fallen short of market expectations.
In the Tokyo stock market on the 5th, the Nikkei Average fell for a fourth consecutive session, closing at 61,077.90, down ¥1,110.73 from the previous day. The closing level was also its lowest in approximately five and a half months.
AI and semiconductor-related stocks were broadly sold in the Tokyo market following declines in AI and semiconductor stocks in the U.S. market. The Nikkei's decline exceeded ¥1,400 at one point.
Against this backdrop, SoftBank Group's share price was reported to have plunged, with market participants saying that Arm's outlook had failed to meet expectations.