Financial news

SoftBank Group shares slide over 4% after massive quarterly loss

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Via Reuters Finance

FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

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 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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