The losses have wiped roughly $10 billion off the market value of SoftBank. SoftBank bought $4 billion worth of options tied to underlying shares it had earlier purchased in tech firms likeand, according to the Wall Street Journal . Last month, SoftBank announced that it would sell more than 1 million shares in its mobile carrier affiliate SoftBank Corp., worth 1.47 trillion yen (nearly $14 billion). After all, if investors want to purchase options on US tech stocks, they are able to do so without buying shares in SoftBank. According to fund network Calastone, £1.2 billion ($1.6 billion) has flooded out of UK-focused equity funds between June and August.

Source: CNN September 08, 2020 12:00 UTC