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%

The post SoftBank Group shares slide over 4% after massive quarterly loss appeared first on Firstpost.

from Firstpost https://ift.tt/2NqFfNX
via IFTTT