SoftBank Sells Nvidia Stake, AI Stocks Uncertainty Looms
Update: 2025-11-12
Description
Asian markets cautiously rose on November twelfth, following a mixed U.S. stock performance. The Nikkei 225 in Japan gained 0.4%, closing at 51,633.31, after SoftBank Group sold its Nvidia stake for $5.83 billion. AI stocks rapid growth, reminiscent of the dot-com bubble, remains a concern for investors. Hong Kongs Hang Seng and Shanghai Composite saw slight gains, while South Koreas Kospi rose 1.1%. Australias S&P/ASX 200, however, fell 0.2%. The U.S. bond market was closed for Veterans Day, and the government shutdown is complicating the Federal Reserves work.
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