SoftBank Group shares are up 13% as Asian tech stocks track Wall Street's rebound. That is high-beta relief, not a company-specific re-rating, so the move needs the US bounce to hold. $SFTBY

What happened: SoftBank Group shares surged 11% as Asian tech stocks rallied after Wall Street rebounded. A sharp decline in oil prices lifted sentiment, and renewed buying in semiconductor names overnight spilled over into Asia. Key numbers: SoftBank Group shares up 11%. Why it matters: The rally followed last week's bruising sell-off, with the oil price decline and semiconductor buying supporting sentiment across Asian markets. Coverage: 4 outlets in 24h

SoftBank Group shares surged 11% as Asian tech stocks rallied after Wall Street rebounded. A sharp decline in oil prices lifted sentiment, and renewed buying in semiconductor names overnight spilled over into Asia.

The rally followed last week's bruising sell-off, with the oil price decline and semiconductor buying supporting sentiment across Asian markets.