SoftBank shares slide 9% as portfolio upside evaporates

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TOKYO: SoftBank Group shares fell as much as 9 per cent in Monday (Dec 6) trading in Tokyo, the seventh consecutive day of decline, as the market digested falling valuations at key portfolio companies and regulatory opposition to the sale of Arm. SoftBank shares were trading at 5,122 yen at 10.39am (9

TOKYO: SoftBank Group shares fell as much as 9 per cent in Monday trading in Tokyo, the seventh consecutive day of decline, as the market digested falling valuations at key portfolio companies and regulatory opposition to the sale of Arm.

"What you've seen is almost a complete reversal in sentiment," said analyst Kirk Boodry at Redex Research.Shares in Chinese e-commerce firm Alibaba, the group's most valuable investment, fell 8 per cent in New York on Friday.

 

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