In light of an unusual selling wave, Goldman Sachs Group, filtered $ 10.5 billion from stocks in grouped deals, resulting in an erased 35 billion dollars from the leading stock values of Chinese technology giants to American media clusters.
According to Arab Net, Goldman Saks sold $ 6.6 billion from Baidu, Tencent Musek, and in AP Holdings, before opening the market in the United States, according to the client's email message revealed by Bloomberg, and Arabic.
The electronic message came that the move followed $ 3.9 billion worth selling shares at Viacom CBS, Discovery, Festers, and I Kia, and JSX Tekedo.
Strong exercises in price fluctuations have been involved in large-scale transactions, raising the concerns of traders and raised the talk that one of the hedge funds or family offices was in trouble and it is forced to sell.
While IPO Edge reported, citing people who did not specify that a number of major investment banks with hedge fund Archegos Capital Management were behind the large-scale in stock operations, which contributed to falling stocks of VIACOM, Descfrey.
For its part, CNBC mentioned that the forced sales by the Archego Box may have been associated with the closure of the large-scale marginal purchase centers.
