Overview
- SoftBank said it will buy Intel common stock for $2 billion at $23 per share, calling the stake a strategic vote of confidence in advanced U.S. semiconductor production.
- Intel shares rose roughly 5%–6% in early U.S. trading after the announcement, while SoftBank fell about 4%–5% in Tokyo as the Nikkei pulled back from fresh record highs.
- U.S. stock futures were little changed as investors awaited a wave of retail results, including Home Depot, Target and Walmart, alongside closely watched Federal Reserve commentary this week.
- Regional markets diverged, with India’s Sensex and Nifty logging a fourth day of gains on hopes of a GST overhaul and a recent S&P rating upgrade, even as several Asian indexes slipped.
- Investor sentiment also reflected diplomatic efforts on the Russia–Ukraine conflict, with attention on talks involving President Trump and Ukrainian President Volodymyr Zelenskyy.