SoftBank shares crash on hefty Vision Fund losses

SoftBank shares crash on hefty Vision Fund losses

FILE PHOTO: SoftBank Corp. placard is prepared during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato/File Photo

Shares in Japan’s SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter.

The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half years.

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