New Delhi, Sept. 22 -- Shares of SoftBank Group, a Japanese investment giant, faced some selling from its 52-week high level of 18,745 yen touched last week, following multibagger returns of over 100% in the last one year. The fall in SoftBank Group's shares coincides with the more hawkish tone from the Bank of Japan (BOJ).

The stock, driven by strong earnings and optimism around its AI and fintech bets, is facing a retracement as the macro environment turns unsuitable.

The BOJ kept its interest rate steady at its policy meeting that ended on Friday, but two board members voted against the decision, raising bets that the central bank could raise rates by the end of this year. Meanwhile, the BOJ also signalled plans to unwind ETF and REI...