SoftBank Group Jumps Past Sony in Japan Stocks, Chases Toyota

According to Hankyung, SoftBank Group, once regarded as a problem name in the Japanese stock market, has rebounded sharply enough to move ahead of Sony and challenge Toyota Motor’s standing. Led by Masayoshi Son, the group had previously been cited as a market burden because of Vision Fund losses and investment volatility. The latest rise was linked to expectations around artificial intelligence investments and a revaluation of its holdings. Because shifts in the market value of large technology and investment companies affect Japan’s major indexes and investor sentiment, SoftBank Group’s comeback is being read as a sign of change among Japan’s leading stocks. Source: hankyung.com