Market concerns: SoftBank Group’s logo is displayed at the SoftBank World 2017 conference in Tokyo. Investors are worried it is embarking on another risky endeavour. — Reuters
TOKYO: Just when investors thought Masayoshi Son was reining in risk at SoftBank Group Corp, the Japanese billionaire’s foray into highly leveraged derivatives is giving them fresh reason to worry.
SoftBank shares tumbled 7.2% on Monday in Tokyo, erasing about US$9bil of market value.
The drop came after the conglomerate made massive bets on high-flying technology stocks using equity derivatives – and despite one report that it had billions in paper gains.
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