SoftBank shares jump 20% on record buyback announcement

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SoftBank shares jump 20% on record buyback announcement
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SoftBank Group Corp stock jumped 20% on Tuesday, extending a run that b...

) stock jumped 20% on Tuesday, extending a run that began a day earlier when the Japanese tech investor announced up to $41 billion in asset sales and a record share buyback to shore up its collapsing share price.

SoftBank shares ended Monday up 19%, hitting their daily limit, after the conglomerate said in the early afternoon it would buy back up to 2 trillion yen worth of shares in addition to an up to 500 billion yen purchase announced earlier this month.

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