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SoftBank shares steady on hopes for Son's future actions

SoftBank Group's Masayoshi Son, right, and Nikesh Arora

TOKYO -- Shares of SoftBank Group have gained for three consecutive days, hitting 6,033 yen on Wednesday, up 3.2% from Tuesday's close.

The Japanese telecom giant on Tuesday announced the departure of President Nikesh Arora, effective Wednesday. Though some are concerned about possible management confusion, the shares are trading steadily so far, as expectations grow among investors for changes in the company's operations. Chairman Masayoshi Son reportedly said he would remain in his position for the next five to 10 years.

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