RIYADH: Tokyo-based SoftBank Group’s shares dropped nine percent on Monday, hitting its sixth consecutive day of losses as valuations of its key portfolio companies fell. SoftBank shares sank to 5,057 yen ($45) in its largest intraday decline since March 2020, Bloomberg reported. The group’s Chinese portfolio company Didi Global started US delisting last Thursday, following the US Federal Trade Commission opposition to SoftBank’s Arm sale to Nvidia Corp. Masayoshi Son, SoftBank’s founder, relies on completing the Arm deal to secure the nine trillion yen for his investment group. This happened as the shares of Alibaba Group Holding, the biggest Chinese internet firm and most valuable company in SoftBank’s portfolio, fell by more than eight percent, while Didi Global’s stock dropped by over 22 percent.