Asia markets mixed as SoftBank shares slide after Nvidia exit

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MG News | November 12, 2025 at 09:36 AM GMT+05:00

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November 12, 2025 (MLN): Asia markets traded mixed on Wednesday, with investors closely tracking SoftBank Group shares after the Japanese conglomerate sold its entire stake in U.S. chipmaker Nvidia for $5.83bn, signaling a strategic shift toward its “all-in” investment in ChatGPT maker OpenAI.

Japan’s Nikkei 225 slipped 0.26%, while the Topix managed a 0.35% gain. In South Korea, the Kospi was little changed, and the Kosdaq advanced 0.62%.

Australia’s S&P/ASX 200 edged up 0.13%, whereas Hong Kong’s Hang Seng Index added 0.25%. The CSI 300 in mainland China remained flat, according to CNBC.

SoftBank shares plunged as much as 10% after the company disclosed that it sold 32.1m Nvidia shares in October and pared its position in T-Mobile, raising a total of $9.17bn.

The move highlights the Japanese tech investor’s renewed focus on artificial intelligence ventures amid a shifting global tech landscape.

Overnight in the United States, Wall Street ended mixed as optimism grew that the record-setting U.S. government shutdown could soon be resolved, though AI-related stocks faltered.

The Dow Jones Industrial Average jumped 559.33 points, or 1.18%, to close at 47,927.96, setting a new record high.

The S&P 500 rose 0.21% to 6,846.61, while the Nasdaq Composite slipped 0.25% to 23,468.30 as investors rotated out of high-growth tech names and into traditional blue-chip stocks such as Merck, Amgen, and Johnson & Johnson.

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