Tokyo-based holding company SoftBank - a major investor in telecom, AI and semiconductor companies around the world - reported its first net loss in two years in the second quarter of its fiscal year. The result was unexpectedly poor, but the stock is following the technology sector’s upward trend.
TechnologyAsian markets are broadly higher in early trading on Tuesday. Both technology stocks and trade figures are drawing investor interest.
TechnologyTech stocks are plummeting in chaotic trading on exchanges around the world. The sell-off began on Wall Street on Thursday, where $2.5 trillion in market value went up in smoke as AI stocks plunged, dragging the entire Nasdaq down 5.5 percent.
TechnologyThe Stockholm Stock Exchange briefly rose to a new record high on Thursday. But a steep decline on the New York Stock Exchange dragged Stockholm’s OMXS index down 0.1 percent.
BusinessABB's major deal with Japan's SoftBank may not go ahead. China has blocked the sale of ABB's Robotics operations in the country to SoftBank.
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