#NEXT STOCK TO BLOW UP SERIES#

Stocks in which the block trades happened collapsed with some seeing losses of more than 40 per cent on Friday. However, in this case the sheer size of the individual market orders were so large that traders smelled a rat. On Friday, traders in New York were jolted amid rumours that Goldman Sachs carried out block trades worth over $10 billion in shares of some of the biggest entertainment stocks and American Depository Receipts of Chinese companies.īlock trades are routine affairs in the market, and as such, they do not raise eyebrows. What triggered Goldman Sachs' massive block trade?.Shares of Credit Suisse and Nomura suffered as they plummeted more than 13 per cent on Monday.

The risk of the contagion from the blow-up of the family office is worrying investors after its primary brokers such as Nomura Holdings and Credit Suisse gave profit warnings early Monday from a huge potential loss from a US-based fund, which was reported to be owned by Bill Hwang.

#NEXT STOCK TO BLOW UP SERIES#

Investment banks such as Goldman Sachs and Morgan Stanley dumped over $20 billion worth equity positions on behalf of Bill Hwang’s fund in a series of block trades that caused trepidation among traders. The family office based in New York was reported to be behind the ‘unprecedented’ block trades that took place on Friday in the US markets. MUMBAI: The turbulence at Archegos Capital Management, run by former hedge fund manager Bill Hwang, has sent shockwaves across financial markets from Singapore to New York.

Next stock to blow up