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SoftBank shares slide 5% on United States tech rout

Last Updated 09 September 2020, 03:21 IST

SoftBank Group Corp shares fell by 5% in early trading on Wednesday as investors worried about the Japanese conglomerate's exposure to US tech stocks, which slid for the third straight session.

The fall takes SoftBank's share decline to 12% since sources told Reuters and other media late last week that it made big bets on equity derivatives tied to tech firms.

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(Published 09 September 2020, 02:28 IST)

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