SoftBank’s Vision Fund back to black even as some of Son’s tech bets sting

REUTERS/Issei Kato

Japan’s SoftBank Group Corp on Monday reported $6.1 billion in quarterly profit as a broad upswing in tech valuations brought its mammoth Vision Fund back into positive territory.

The Vision Fund recovery is likely to be welcome news for investors unnerved by some of SoftBank’s recent stumbles, even as overall earnings were tainted by a $1.3 billion hit from bets on technology stocks and derivatives.

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