SoftBank Group's share rally ends after Moody's downgrade

SoftBank Group's share rally ends after Moody's downgrade

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group Corp’s shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody’s downgraded the tech conglomerate’s debt rating by two notches over plans to sell prime assets into a volatile market.

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