(Bloomberg) — SoftBank Group Corp. slid as much as 7.1% Wednesday, taking losses to about 14% this week after the Japanese conglomerate made substantial bets on equity derivatives in tech stocks before a broad sector selloff.The Japanese company touched a low of 5,432 yen in Tokyo morning trade. It has shed roughly $17 billion of market value since Monday as SoftBank’s big bets on high-flying tech stocks from Amazon.com Inc. to Alphabet Inc. spooked investors.Investors are grappling with recent market turbulence, assessing whether the pullback for equities is a sign of market health or the start of a larger drawdown …read more
Source:: Yahoo Finance
