SoftBank shares hit fresh high on Vision Fund turnaround

Tech investor on track for seven-day winning streak

SoftBank Group’s share price has risen 24% since the start of the year, beating the benchmark Nikkei 225 index's 7% gain. © Reuters

WATARU SUZUKI, Nikkei staff writer

February 9, 2021 12:38 JST

Updated on February 9, 2021 16:07 JST

TOKYO -- SoftBank Group's share price rose more than 5% on Tuesday and edged closer to a record high, after the technology investor reported strong earnings from its Vision Fund on Monday.

SoftBank opened 5% higher, at 9,956 yen, before surpassing the 10,000 yen mark for the first time since February 2000, after accounting for stock splits, and reached 10,140 yen at it highest point. It closed at 9,808 yen, up 3.4%.