SoftBank Group falls 17% after Uber plunges and WeWork worries

Market cap of Japanese giant dips below 7 trillion yen

20200319 Son Masayoshi

Markets are losing confidence in Masayoshi Son's SoftBank Group, as its flagship Vision Fund continues to be hammered by shaky investments.

NANA SHIBATA and WATARU SUZUKI, Nikkei staff writer

TOKYO -- SoftBank Group shares tumbled 17% on Thursday, marking a seven-day losing streak after exposure to Uber and WeWork weighed on forecasts for the group.

Shares breached the 3,000-yen mark for the first time since August 2016.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.