BREAKING NEWS

SoftBank Group shares slide over 4% after massive quarterly loss

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)
Euronews logo
Text size Aa Aa

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%.

(Reporting by Chris Gallagher; Editing by Muralikumar Anantharaman)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.