AI stock selloff spills into credit as SoftBank dollar bonds post biggest one-day drop in 10 weeks

The notable shift here is transmission: an equity-led AI selloff is now showing up in credit spreads and single-name bond moves, meaning the repricing is no longer confined to the stocks most directly tied to AI enthusiasm. SoftBank is the natural conduit, given how central its AI-linked exposure is to its equity story, so its bonds become a de facto sentiment gauge for the theme. The open question is whether spread widening stays concentrated in AI-adjacent issuers or broadens into the wider Asian investment-grade market, where the average spread has already reached its widest level in the period cited.