Why is SoftBank stock plunging today?

Current market reports indicate divergent trends for two major companies. SoftBank is experiencing a significant plunge in its stock value today, leading to investor concerns regarding its current valuation. Conversely, Luk Fook is seeing a positive rally, with its stock prices increasing steadily. These simultaneous movements highlight the volatility within the global markets as investors react to specific company developments and broader economic shifts affecting the technology and luxury retail sectors respectively.