December 7, 2016 / 12:26 AM / a year ago

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

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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