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SoftBank Group Corp. (SFTBF)

Other OTC - Other OTC Delayed Price. Currency in USD
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39.09-0.51 (-1.28%)
At close: 03:46PM EDT
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  • Reuters

    Nikkei sees best day since late-March, led by SoftBank gains

    Japan's Nikkei benchmark stock index posted its biggest rise in more than a month and half as investors scooped up cheap stocks, with SoftBank Group leading gains. SoftBank Group provided the biggest boost to the Nikkei, surging 12.22%, even after posting a record loss at its Vision Fund investment arm, and an annual net loss of 1.7 trillion yen ($13.16 billion) for the group. "SoftBank's big loss had been already priced in its shares so investors were not surprised by the outcome," said Shuji Hosoi, senior strategist at Daiwa Securities.