Goldman Sachs sells off $10.5 billion of stocks in block-tra...

empty

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

Goldman Sachs sells off $10.5 billion of stocks in block-tra...

05-04-2021 15:25

Goldman Sachs sells off $10.5 billion of stocks in block-trade spree

Open trading account Open demo account

Money withdrawal

Goldman Sachs sells off $10.5 billion of stocks in block-trade spree

According to Bloomberg, on March 26, Goldman Sachs, the largest investment bank, liquidated $10.5 billion worth of stocks in block trades, part of an extraordinary spree of selling.

Reportedly, it has sold $6.6 billion worth of shares of Baidu Inc., Tencent Music Entertainment Group, and Vipshop Holdings Ltd. It was followed by the sale of $3.9 billion of shares in Viacom to CBS Inc., Discovery Inc., Farfetch Ltd., iQiyi Inc., and GSX Techedu Inc.

Stocks of eight companies were sold in two stages. At the first stage, the total amount of sales came in at $6.6 billion. At the second stage, the bank gained $3.9 billion. According to CNBC, the unregistered stock offerings were managed by Archegos Capital Management, founded by Bill Hwang, an ex-analyst at Tiger Management. According to preliminary estimates, the size of some transactions reached up to $1 billion. Analysts at Bloomberg pointed out "The liquidation triggered price swings for every stock involved in the high-volume transactions, rattling traders and prompting talk that a hedge fund or family office was in trouble and being forced to sell."

The sell-off has led to the depreciation of shares of leading Chinese and American corporations, such as Alibaba Group Holding Ltd. and NetEase Inc. However, shortly after, the stock market managed to recover, experts summarized.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Forex humour