SoftBank shares breach Y10,000, scale two-decade high, on record Vision Fund profit

Japan’s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate. SoftBank’s shares were up 3.3% at Y9,800 at 03:56 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday […]

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South Korea regulator sees no grounds now for probing Hyundai exec share sales after Apple deal reports

South Korea’s financial watchdog sees no grounds currently for a probe after an upswell of investor frustration online over share sales by Hyundai Motor executives in the wake of reports of a tie-up with Apple, an official said on Tuesday. The Financial Supervisory Service (FSS) official said the regulator would need to see factual evidence […]

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