Japan’s Softbank shares surge on buyback plan
Image copyright Getty Images Shares in Japanese tech conglomerate Softbank surged nearly 17% after its chief executive Masayoshi Son unveiled a $5.5bn (£4.3bn) share buyback. Mr Son said the buyback will prop up the company’s share price, which he sees as chronically undervalued. Softbank has stakes in dozens of technology companies through its Vision Fund. …