According to CNBC, a sharp decline in oil prices lifted sentiment while renewed buying in semiconductor names overnight spilled over into Asia, following last week's bruising sell-off.
Automated briefBusiness
SoftBank Group shares surge 11% as Asian tech stocks track Wall Street rebound
By Marcus Reed
BusinessPhoto: Ajay Suresh, CC BY 4.0Context
The report, filed in our Business section, was first published by CNBC on Tuesday, November 10.
Background
SoftBank Group: SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo, that focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation.
Wall Street: Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east with a length of just under 2,000 feet.
Sources
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