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SoftBank shares fall over 5% after it announces $2 billion investment in Intel
Investment firm SoftBank Group snapped its nine-day winning streak Tuesday after its shares plunged over 5% following its announcement of a $2 billion investment in Intel. As part of the deal, SoftBank will pay $23 per share for Intel's common stock, which closed at $23.66 on Monday.
Meanwhile, Asia-Pacific markets closed lower Tuesday, tracking Wall Street declines overnight ahead of the U.S. Federal Reserve meeting later this week.
Investors also assessed the talks between U.S. President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders at the White House, aimed at stopping the Moscow-Kyiv conflict.
Japan's Nikkei 225Â benchmark ended the day 0.38% lower at 43,546.29, after closing at a record high in its previous session, while the broader Topix index fell 0.14% to close at 3,116.63.
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