Tokyo, Aug 8 (TIWN) Japanese investment major SoftBank Group on Monday posted a huge $23.4 billion loss in the April-June quarter, as tech stocks continued to get hammered in the economic downturn.

The Masayoshi Son-led Japanese giant posted massive losses for its second straight quarter. The conglomerate earlier reported net loss at $16.2 billion for its January-March quarter this year.

Nikkei Asia reported that market turmoil pushed the investment group to a second straight quarter in red, as tech stock selloff spread.