TOKYO: SoftBank plunged on July 19 as investors gave a thumbs down to the Japanese mobile giant’s whopping US$32bil (RM127.62bil) purchase of British iPhone chip designer ARM Holdings, which raised questions about its credit rating.
The sharp drop bucked an upward trend in the broader market after a three-day holiday, tracing another record close on Wall Street.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!