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SoftBank Group rebounds on Arm's surge, but profit-taking emerges after initial rally
SoftBank Group Corp. <9984> rebounded for the first time in three days, briefly rising as much as 8% from the previous day to \3,840. In the previous day's U.S. market, expectations that military conflicts in the Middle East would subside triggered buybacks, particularly in technology sectors that had been sold off, with short-covering notably prominent in semiconductor-related stocks. Among them, Arm Holdings
However, the stock lost some momentum after the initial buying wave subsided. As of the end of last week on March 27, margin buying positions in the stock decreased significantly while margin selling positions increased, bringing the margin ratio down to 7.35 times. However, the supply-demand situation has not yet improved to a satisfactory level, and profit-taking pressure on rallies remains a concern.
Source: MINKABU PRESS
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