Shares of Japan's SoftBank, a leading backer of AI-linked firms, tanked 15% in Asian trading on Wednesday, November 5, as concerns over valuations of these companies led to a sell-off on Wall Street.

The decline on Wall Street has percolated to Asian indices as well. Semiconductor and AI-linked shares are witnessing sharp losses in Asian trading this morning.

Semiconductor testing equipment manufacturer Advantest declined over 8%, while chipmaker Renesas Electronics is down 6% in Asian trading on Wednesday. losses are also led by South Korean giants Samsung Electronics and SK Hynix are also down 6% each. Despite this fall, shares of Samsung are up over 80% year-to-date, while SK Hynix has more than tripled, rising 210%.

Over in Taiwan, shares of the world's largest chip manufacturer TSM

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