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TOKYO / SEOUL – SoftBank Group shares jumped 10.97% in Tokyo Tuesday morning, while Samsung Electronics and SK hynix also rose in Seoul, extending a rebound in Asian technology shares after last week’s selloff.
The companies’ own investor-relations quote pages showed gains during the morning session Tuesday, November 10, which was Monday evening in New York. The figures below are intraday snapshots, not closing prices.
SoftBank Group’s stock-price page showed 3,773 yen at 10:13 a.m. Japan time, up 373 yen, or 10.97%, from the previous close of 3,400 yen. The company’s Tokyo-listed shares had traded as high as 3,843 yen during the session.
Samsung’s investor-relations quote page showed its Korean ordinary shares at 197,100 won at 10:14 a.m. Korea time, up 7,200 won, or 3.79%. The quote is for SEC Common, not its preferred shares or London-listed depositary receipts.
SK hynix’s investor-relations page showed its Korean-listed 000660 shares at 1,199,000 won at 10:13 a.m. Korea time, up 63,000 won, or 5.55%. Those shares had opened at 1,214,000 won and reached a session high of 1,242,000 won.
The moves reverse part of the selling pressure that hit technology and semiconductor shares last week. JBizNews reported Friday’s Asian market rout, when SoftBank fell more than 10% intraday and SK hynix and Samsung finished sharply lower.
For investors with exposure to these companies through individual shares or technology funds, Tuesday’s gains lift the value of those holdings from the previous session’s close. The trading day was still underway when these quotes were recorded.
JBizNews Desk | Tokyo / Seoul
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