WHAT’S GOING ON? Goldman Sachs and Morgan Stanley Reportedly Sold a Massive $19 Billion Worth of Shares in Chinese Tech and US Media Companies
What’s going on in the stock markets this weekend?
A massive sale of nearly $20 billion in stocks by Goldman Sachs and Morgan Stanley on Friday are causing market gurus to scratch their heads.
The RT.com reported today:
Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week.
Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 billion worth of shares of Baidu, Tencent Music Entertainment Group and Vipshop Holdings,
