Headline: Sony Financial Group shares soar 36% in trading debut as Asia markets mostly rise
Sony Financial Group jumped 36% on its first day of trading, outperforming broader Asia-Pacific markets. The stock opened well above its reference price of ¥150, valuing the company at over ¥1 trillion (approx. $6.7 billion).
Parent company Sony Group spun off its financial arm which includes Sony Life Insurance, Sony Assurance, and Sony Bank to allow independent capital raising and faster decision-making. The move is aimed at balancing Sony’s competing investment demands in entertainment and semiconductors.
Market Context:
While Japan’s Nikkei 225 and Topix dipped slightly after hitting record highs, other Asia-Pacific indices like Kospi, ASX 200, and Hang Seng Tech posted gains. Investors appeared to shrug off recent tariff tensions and inflation concerns.
(Source CNBC)
—Agencies
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