The bank sold $6.6 billion worth of shares of Baidu Inc, Tencent Music Entertainment Group and Vipshop Holdings Ltd, before the U.S. market opened on Friday, the report said, citing an email to clients seen by Bloomberg News.
Following this, Goldman sold $3.9 billion worth of shares in ViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.Most of the unregistered stock offerings were managed by Morgan Stanley, on behalf of one or more undisclosed shareholders, the report added, citing people familiar with the matter.
Calculations based on Bloomberg data showed that some trades exceeded $1 billion in individual companies, the report said. Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China based Baidu and Tencent Music plunged this week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels.
What happened with the car loan crisis that was looming just before the pandemic? Any takes on that? SO many question and Reuters never answers!
Something os in the air....and they smell it but wont tell us all
They are getting away of the bloodbath that is comming with Citadel and all other HF beeing margin called to cover their shorts...
Watch closely & remember history; those are Biden’s buds
SuezBLOCKED
Must be something bloody awful coming up then!!!
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