Shares of SoftBank fell in price amid concerns about Saudi Arabia


Shares of the largest technology company in Japan SoftBank Group at the end of trading in Hong Kong on Monday fell by 7.27%. This was caused by investors' concerns about the close attention of the world community to the disappearance of opposition journalist Jamal Khashoggi, who criticized the government of Saudi Arabia. On Sunday, the Saudi Arabia stock index fell by 7% after the readiness expressed by US President Donald Trump to severely punish Saudi Arabia for the disappearance of a journalist. SoftBank has close ties with the government of Saudi Arabia. Analysts have noted a negative reaction in the world to investors and technology companies that receive funding from the government of Saudi Arabia.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong