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    People walk past a retail shop of the SoftBank telecommunications company in Tokyo, Japan

    Japan’s SoftBank Shares Soar After Move to Invest $50 Billion in US Economy

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    Shares in Japanese multinational telecommunications firm SoftBank Group surged after it agreed to invest $50 billion in US businesses, media reported.

    WASHINGTON (Sputnik) — SoftBank rose as much as 5.1 per cent, the highest since Aug 2015, the Financial Times reported Tuesday night.

    Earlier on Tuesday, President-elect Donald Trump announced that SoftBank Group will invest some $50 billion in US businesses.

    Trump underscored that the telecom company considered the step only because he had won the presidential election.


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