According to @KobeissiLetter, SoftBank Group shares fell over 10% as Asian markets opened on Nov 21, 2025 (source: The Kobeissi Letter on X, Nov 21, 2025). The move can pressure the Nikkei 225 because SoftBank (TSE: 9984) is a constituent of the index, elevating index-level downside risk in early Tokyo trading (source: Nikkei Stock Average constituents, Nikkei Inc.). SoftBank’s majority ownership of Arm Holdings (ARM) ties the group to global semiconductor and AI sentiment, amplifying tech beta during drawdowns (source: SoftBank Group investor relations and Arm IPO filings, 2023). For crypto traders, IMF research shows BTC and ETH have exhibited higher correlation with equities since 2020, implying potential cross-asset spillovers during equity selloffs and warranting close monitoring of BTCUSD and ETHUSD into the Asia session (source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, 2022).

According to @DowdEdward, SoftBank fell more than 10% as Asia markets followed Wall Street’s sharp reversal in AI stocks, citing CNBC as the source for the move characterization (source: @DowdEdward; source: CNBC). The post points to an AI-led equity reversal driving regional weakness with SoftBank as a major decliner in the session (source: @DowdEdward; source: CNBC). No direct impact on cryptocurrencies was mentioned in the post (source: @DowdEdward).