SoftBank shares jump after CEO says to invest $50 billion in U.S.

Reuters

Wed, Dec 7, 2016, 6:04 AM

TOKYO (Reuters) - Shares of SoftBank Corp <9984.T> soared to their highest level in more than a year on Wednesday after Chief Executive Masayoshi Son said he would invest $50 billion in U.S. businesses.

Son made the announcement after meeting U.S. President-elect Donald Trump in New York.[nL1N1E11W9]

SoftBank rose as much as 5.1 percent to 7,311 yen, the highest since August 2015.

(Reporting by Ayai Tomisawa; Editing by Chris Gallagher)

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SoftBank shares jump after CEO says to invest $50 billion in U.S.

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