SoftBank Group shares slide over 4% after massive quarterly loss

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon - Copyright Kim Kyung Hoon(Reuters)

By Reuters

Published on 07/11/2019 - 02:04•Updated 26/04/2024 - 02:24

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TOKYO (Reuters) - Shares of SoftBank Group <9984.T> fell more than 4% in early trade on Thursday after the Japanese conglomerate reported a $6.5 billion (£5.06 billion) quarterly loss, its first such loss in 14 years, dragged down by a massive hit at its giant Vision Fund.

The stock was down 3.4% as of 0022 GMT after shedding as much as 4.2%.