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Stock Market News

SoftBank shares rise 3% on news of trimming Alibaba stake

08/12/2022

Less than a minute

2022.08.12 03:30

SoftBank shares rise 3% on news of trimming Alibaba stake
FILE PHOTO: SoftBank’s logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Shares in SoftBank Group Corp rose 3% in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in Alibaba (NYSE:BABA) Group Holding.

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08/12/2022

Less than a minute