Taking a hit: People walk behind the logo of SoftBank Corp in Tokyo. As economic gloom grows over a coronavirus outbreak, SoftBank racked up the second biggest fall in the benchmark index, breaking the 3,000-yen level to close at 2,687 yen. — Reuters
TOKYO: Shares of SoftBank Group Corp closed down 17% yesterday in their biggest one-day fall, hammered by investor scepticism over the outlook for tech bets, such as office sharing firm WeWork and ridehailer Uber.
As economic gloom grows over a coronavirus outbreak, SoftBank racked up the second biggest fall in the benchmark index, breaking the 3,000-yen level to close at 2,687 yen.
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