SoftBank shares slide 5% after news on tech stock options big bet

Topics SoftBank | big tech stocks | Markets


TOKYO (Reuters) - SoftBank Group Corp <9984.T> shares fell 5% in early trading on Monday as the conglomerate's big bets on equity derivatives tied to listed technology companies made investors uncomfortable.

The Japanese financial powerhouse has spent billions of dollars buying shares in technology companies such as Amazon as it parks cash generated by a massive asset sale programme. The group has also made significant options purchases in tech companies, sources familiar with the matter told Reuters, in an aggressive bet.

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