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SoftBank credit risk jumps to 4-year high as AI fears roil market

SINGAPORE/TOKYO: The cost of insuring against a ‌default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the ​world’s financial markets. The 5-year credit default swap spread ​for SoftBank rose 22 basis points to 466 bps, ⁠according to Markit data, the widest since October 2022. SoftBank ​is seen as a bellwether for the…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    SoftBank credit risk jumps to 4-year high as AI fears roil market (opens Business Recorder in a new tab)

    SINGAPORE/TOKYO: The cost of insuring against a ‌default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the ​world’s financial markets. The 5-year credit default swap spread ​for…

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