The stock is down 1.5% Friday morning, setting SoftBank on pace for its fourth straight loss day. Bloomberg reported early Friday, citing anonymous sources, that the Japanese technology company plans to write down at least $ 5 billion to the Vision Fund to reflect the declining valuation of holdings such as WeWork and Uber. SoftBank did not immediately respond to a CNN Business request for comment.
Earlier this week, SoftBank announced a massive rescue of WeWork.
SoftBank is down almost 7% this week. It's the worst week for the stock since its first full week in August, when it dropped nearly 1
Meanwhile, Asian markets opened mostly lower Friday.
Japan's Nikkei ( was up 0.1% in early trade, but declined slightly to trade down 0.1%. South Korea's ) Kospi ( fell about 0.1%, but got some left to trade flat. Hong Kong's ) Hang Seng ( fell by 0.5%. China's ) Shanghai Composite ( drops 0.6%. )
American stock futures were mixed during Asian trading hours. Dow ( was more than 0.1% down, while ) S&P 500 ( was almost flat. ) Nasdaq ( was a bit up. )