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SoftBank Group shares slide over 4% after massive quarterly loss

Reuters November 7, 2019, 07:05:35 IST

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%

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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)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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