SoftBank Stock Tumbles With Son’s Foray Into Options Trading
- Shares dive on uncertainty about SoftBank’s exposure
- SoftBank said targeting equity investments of over $10 billion
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SoftBank Group Corp. shares tumbled in Tokyo after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks.
SoftBank shares dropped as much as 8%, the most on an intraday basis since March. The stock had gained 33% this year before Monday.