Softbank shares drop to the lowest level since its insertion in 1998

The drop in the shares in Japan wiped 15 billion dollars from the value of the “SoftBank” value today, after the group had the biggest decline in its shares in one day since the founder Massyoshi boy for public subscription company launched in 1998. The share of the technology giant passed 19%, which has delayed the losses of the beginning of the third quarter, friendly since 2001. This decline coincides with the willingness to start an investment campaign in artificial intelligence technologies and semi -conductors. The global market thickening also threatens to harm the group’s “Vision Fund” unit, which has investments in hundreds of startups in the technological sector. The oscillation of the shares also overthrew $ 2.9 billion of the boy’s personal fortune in one day, according to the Bloomberg index of billionaires. More than $ 5 billion in Son’s wealth evaporated during the last three days of trade, eliminating a large part of the wealth gain it has achieved since the beginning of this year, and made it one of the most falling billionaires in Asia. Analyst Marvin Lu and Chris Mackestreem of “Bloomberg Intelligence” wrote in a note: “The riot around artificial intelligence now disappears after they are more on the ability of technology companies to achieve revenue and profits from behind. The investment strategy with artificial intelligence may not have the high risk of implementation.” The collapse of Japanese stocks today dropped by the ‘Topix’ and ‘Nikai 225’ index by about 12%, against the background of the yen, the tightening of the monetary policy and the decline of economic expectations in the United States. Soft Bank is scheduled to release its quarterly results on Wednesday, and it is expected to announce a little profit. “A wave of stock sale is exaggerated. The last time (stock) soft banking was traded in this way when Kofid’s market fear was flooded, and the discounted boat on the net worth of assets is about 70%at some point,” says Kirk Bodri, an analyst at Astris Advisory. Bodri concluded that the discount today rose to 57% amid market expectations, exacerbating the fluctuations and risks in ‘SoftBank’ investments. He added that today’s declines are not fully linked to the decline in technology stocks, but rather the increasing fear of the growing power and geopolitical risks around the Middle East.