SoftBank was down 7 percent on the Tokyo stock exchange on Tuesday. The large Japanese tech investor was punished by investors after a record loss of around 23 billion euros in the past quarter. The company saw its interests in large tech companies such as Uber and Coupang depreciate considerably due to the downturn in the stock markets in recent months due to fears of recession and interest rate hikes.
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Tech investor SoftBank falls on Japanese stock market after record loss of 23 billion
