By Sam Nussey
TOKYO (Reuters) - SoftBank Group Corp closed down 7% as the conglomerate's bets on equity derivatives tied to listed technology companies made investors uncomfortable amid a decline in markets.
Shares fell below 6,000 yen for the first time in two months to 5,881 yen. The group was the biggest loser in percentage terms on the benchmark index, which closed down 0.5%.
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 by Chief Executive Masayoshi Son on rising tech stocks.
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