SoftBank Group shares slide over 4% after massive quarterly loss

TOKYO (Reuters) - Shares of SoftBank Group 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%

Reuters November 07, 2019 07:05:35 IST
SoftBank Group shares slide over 4% after massive quarterly loss

SoftBank Group shares slide over 4 after massive quarterly loss

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)

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