So far, SoftBank has plunged about 13% this week, wiping out about $ 14 billion from its market value.
All major Asia-Pacific indices were lower. From China Composite de Shanghai ( lost 1.3%. From Japan )Nikkei 225 ( fell 1.6%, while that of Hong Kong )Index Hang Seng ( – which this week added big tech stocks Alibaba and Xiaomi to its component list – fell 1.1%. South Korea )Kospi ( throw 1%. The Australian S & P / ASX 200 was the worst performing in the region, dropping 2.6%. )
Retirement followed another bad day on Wall Street. the Nasdaq ( closed 4.1% lower on Tuesday and fell into corrective territory – defined as a 10% decline from its most recent high. the )S&P 500 (, the broadest metric in the U.S. stock market, closed 2.8% lower and )Dow ( finished down 2.3%, or 632 points. )
“There is room for it to go further, if actions are to more plausibly reflect macro and pandemic reality,” he said, while adding that there is no ” panic in evidence ”- meaning the sale is unlikely to be followed by hasty political reactions from central banks and governments.
“When you sell fruit juices this harshly, you have to imagine that the occasional pip will stick in your throat,” Carnell added.