SoftBank Group Shares Hit Over Two-Month High on T-Mobile Stock Gains

SoftBank Group’s shares rose to a more than two-month high on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US.

In early trade Wednesday, SoftBank stock jumped 7.0% to hit an intraday high of 6,528 yen ($45.84). Shares are currently up 5.14% at Y6,413.