Moonbyul
2021-03-29
Tonight will be a bid sell. We have a shorter weekdue to Good Friday.
Nomura, Credit Suisse warn on losses after Archegos share sale<blockquote>野村证券和瑞士信贷警告Archegos股票出售后将出现损失</blockquote>
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We have a shorter weekdue to Good Friday.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/352722970","repostId":1162870866,"repostType":4,"repost":{"id":"1162870866","kind":"news","pubTimestamp":1617005128,"share":"https://www.laohu8.com/m/news/1162870866?lang=zh_CN&edition=full","pubTime":"2021-03-29 16:05","market":"us","language":"en","title":"Nomura, Credit Suisse warn on losses after Archegos share sale<blockquote>野村证券和瑞士信贷警告Archegos股票出售后将出现损失</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162870866","media":"reuters","summary":"TOKYO/ZURICH (Reuters) - Nomura and Credit Suisse warned on Monday they were facing significant loss","content":"<p>TOKYO/ZURICH (Reuters) - Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls.</p><p><blockquote>路透东京/苏黎世-野村证券(Nomura)和瑞士信贷(Credit Suisse)周一警告称,在一家美国对冲基金Archegos Capital的保证金评级违约后,它们面临重大损失。</blockquote></p><p>A fire sale of stocks on Friday caused big drops in the share prices of companies linked to Archegos, according to a source familiar with the matter, putting markets on edge about the scale of the possible fallout.</p><p><blockquote>据一位知情人士透露,周五的股票大甩卖导致Archegos相关公司股价大幅下跌,令市场对可能造成的影响规模感到紧张。</blockquote></p><p>Nomura said on Monday that it faced a possible $2 billion loss due to transactions with a U.S. client while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.</p><p><blockquote>野村证券周一表示,由于与一家美国客户的交易,该公司可能面临20亿美元的损失,而瑞士信贷表示,一家美国基金的保证金评级违约可能对其第一季度业绩产生“非常重大和重大”的影响。</blockquote></p><p>Credit Suisse said that a fund had “defaulted on margin calls” to it and other banks, meaning they were now in the process of exiting these positions.</p><p><blockquote>瑞士信贷表示,一只基金对其和其他银行的“保证金评级违约”,这意味着它们目前正在退出这些头寸。</blockquote></p><p>Nomura shares closed down 16.3% while Credit Suisse shares were opened down 10%. Other bank stocks also fell, with the European financial services stock index down 0.9%.</p><p><blockquote>野村证券股价收盘下跌16.3%,瑞士信贷股价开盘下跌10%。其他银行股也下跌,欧洲金融服务股指下跌0.9%。</blockquote></p><p>Nasdaq 100 futures fell 1% in late Asia trade as the widening fallout of Archegos’ liquidation became clearer, while S&P 500 futures extended losses to fall 0.8%.</p><p><blockquote>随着Archegos清算的扩大影响变得更加明显,纳斯达克100期货在亚洲尾盘下跌1%,而标普500期货扩大跌幅至下跌0.8%。</blockquote></p><p>Investors said systemic risks at this point seem unlikely, but were nervous about whether the full extent of Archegos’ apparent wipeout has been realised or whether there was more selling to come.</p><p><blockquote>投资者表示,目前似乎不太可能出现系统性风险,但他们担心Archegos明显的破产是否已经完全实现,或者是否会出现更多抛售。</blockquote></p><p>Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.</p><p><blockquote>维亚康姆哥伦比亚广播公司(ViacomCBS)和探索频道(Discovery)的股价周五分别下跌约27%,而在美国上市的百度和腾讯控股音乐(China Music)的股价本周暴跌,较周二收盘水平分别下跌33.5%和48.5%。百度股市开盘小幅走低。</blockquote></p><p>Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.</p><p><blockquote>投资者和分析师指出,周五大量维亚康姆和Discovery股票上市可能会加剧这些股票的下跌。维亚康姆周五也被富国银行下调了评级。</blockquote></p><p>A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.</p><p><blockquote>周六接电话的Archegos一位人士拒绝置评。根据该基金网站的页面截图,Archegos由Bill Hwang创立,他在2001年至2012年期间创立并经营Tiger Asia,后来将其更名为Archegos Capital,并将其定为家族办公室。Tiger Asia是一家总部位于香港的基金,旨在通过押注亚洲证券获利。</blockquote></p><p>Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.</p><p><blockquote>根据Archegos的网站here,在创办Tiger Asia之前,Hwang是Tiger Management的股票分析师。朱利安·罗伯逊(Julian Robertson)经营的老虎管理公司(Tiger Management)是一家非常成功的对冲基金,该基金于2000年返还了投资者的资金并关闭了该基金。</blockquote></p><p>Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.</p><p><blockquote>根据当时的新闻稿,黄于2012年解决了美国证券交易委员会的内幕交易指控。据新闻稿称,他和他的公司当时同意支付4400万美元和解。</blockquote></p><p>The scale of the losses at banks is likely to prompt questions about the risk management of banks’ exposure to Archegos.</p><p><blockquote>银行损失的规模可能会引发人们对银行对Archegos风险管理的质疑。</blockquote></p><p>In Japan, Chief Cabinet Secretary Katsunobu Kato said the government would carefully monitor the situation at Nomura and that the Financial Services Agency would share information with the Bank of Japan.</p><p><blockquote>在日本,内阁官房长官加藤胜信表示,政府将密切关注野村证券的情况,金融厅将与日本央行分享信息。</blockquote></p><p>For Credit Suisse this will mark the second straight quarter the bank has recorded losses on hedge fund exposure and adds to pressure on chief executive Thomas Gottstein, who is grappling with the fallout from the bank’s dealings with collapsed supply chain finance company Greensill.</p><p><blockquote>对于瑞士信贷来说,这将标志着该银行连续第二个季度在对冲基金敞口上出现亏损,并增加了首席执行官托马斯·戈特斯坦(Thomas Gottstein)的压力,他正在努力应对该银行与倒闭的供应链金融公司Greensill交易的影响。</blockquote></p><p>Last quarter Credit Suisse booked a $450 million impairment after alternative investment firm York Capital Management, which it held a stake in, informed investors it would wind down its European hedge funds business.</p><p><blockquote>上季度,瑞士信贷持有股份的另类投资公司约克资本管理公司(York Capital Management)通知投资者将关闭其欧洲对冲基金业务,瑞士信贷计提了4.5亿美元的减值。</blockquote></p><p>VOLATILITY CONCERNS</p><p><blockquote>波动性担忧</blockquote></p><p>Some market participants said last week’s wild moves were likely to make investors increasingly cautious.</p><p><blockquote>一些市场人士表示,上周的疯狂举动可能会让投资者越来越谨慎。</blockquote></p><p>“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”</p><p><blockquote>“这太疯狂了,”OANDA高级市场分析师爱德华·莫亚(Edward Moya)表示。“当你考虑到其中一些公司在过去几个月里如何飙升时,就会有人担心我们杠杆率过高。”</blockquote></p><p>Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.</p><p><blockquote>其他市场参与者表示,潜在的平仓对大盘的影响有限。尽管维亚康姆和其他股票大幅抛售,但纳斯达克综合指数和标普500周五均飙升超过1%。</blockquote></p><p>“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”</p><p><blockquote>Baird市场策略师Michael Antonelli表示:“这些围绕基金清算的故事时有发生。”“周五进行大宗交易的一些公司近期可能会出现一些波动,因为交易员想知道抛售是否完成。”</blockquote></p><p></p><p>Several banks were meant to be involved with the trade unwinds. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved. The Financial Times reported that Morgan Stanley sold $4 billion worth of shares early on Friday, followed by another $4 billion in the afternoon. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman 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 Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.</p><p><blockquote>几家银行本应参与交易平仓。一位知情人士周六表示,高盛集团参与其中。英国《金融时报》报道称,摩根士丹利周五早些时候出售了价值40亿美元的股票,随后下午又出售了40亿美元。彭博社和英国《金融时报》周六报道称,高盛在大宗交易中清算了价值超过100亿美元的股票。彭博社周六的报道称,彭博社看到的一封致客户的电子邮件bloom.bg/3lyOrzm称,高盛在周五美国市场开盘前出售了百度公司、腾讯控股音乐娱乐集团和唯品会控股有限公司价值66亿美元的股票。报告称,此后,高盛出售了inViacomCBS Inc、Discovery Inc、Farfetch Ltd、爱奇艺Inc和跟谁学公司价值39亿美元的股票。</blockquote></p><p>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru and Rachel Armstrong in London; Editing by Paul Simao, Jane Wardell and Louise Heavens</p><p><blockquote>Megan Davies、Ira Iosebashvili和Kenneth Li在纽约的报道,Juby Babu在本加卢鲁和Rachel Armstrong在伦敦的补充报道;编辑:保罗·西芒、简·沃德尔和路易丝·天堂</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nomura, Credit Suisse warn on losses after Archegos share sale<blockquote>野村证券和瑞士信贷警告Archegos股票出售后将出现损失</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNomura, Credit Suisse warn on losses after Archegos share sale<blockquote>野村证券和瑞士信贷警告Archegos股票出售后将出现损失</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-03-29 16:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>TOKYO/ZURICH (Reuters) - Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls.</p><p><blockquote>路透东京/苏黎世-野村证券(Nomura)和瑞士信贷(Credit Suisse)周一警告称,在一家美国对冲基金Archegos Capital的保证金评级违约后,它们面临重大损失。</blockquote></p><p>A fire sale of stocks on Friday caused big drops in the share prices of companies linked to Archegos, according to a source familiar with the matter, putting markets on edge about the scale of the possible fallout.</p><p><blockquote>据一位知情人士透露,周五的股票大甩卖导致Archegos相关公司股价大幅下跌,令市场对可能造成的影响规模感到紧张。</blockquote></p><p>Nomura said on Monday that it faced a possible $2 billion loss due to transactions with a U.S. client while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.</p><p><blockquote>野村证券周一表示,由于与一家美国客户的交易,该公司可能面临20亿美元的损失,而瑞士信贷表示,一家美国基金的保证金评级违约可能对其第一季度业绩产生“非常重大和重大”的影响。</blockquote></p><p>Credit Suisse said that a fund had “defaulted on margin calls” to it and other banks, meaning they were now in the process of exiting these positions.</p><p><blockquote>瑞士信贷表示,一只基金对其和其他银行的“保证金评级违约”,这意味着它们目前正在退出这些头寸。</blockquote></p><p>Nomura shares closed down 16.3% while Credit Suisse shares were opened down 10%. Other bank stocks also fell, with the European financial services stock index down 0.9%.</p><p><blockquote>野村证券股价收盘下跌16.3%,瑞士信贷股价开盘下跌10%。其他银行股也下跌,欧洲金融服务股指下跌0.9%。</blockquote></p><p>Nasdaq 100 futures fell 1% in late Asia trade as the widening fallout of Archegos’ liquidation became clearer, while S&P 500 futures extended losses to fall 0.8%.</p><p><blockquote>随着Archegos清算的扩大影响变得更加明显,纳斯达克100期货在亚洲尾盘下跌1%,而标普500期货扩大跌幅至下跌0.8%。</blockquote></p><p>Investors said systemic risks at this point seem unlikely, but were nervous about whether the full extent of Archegos’ apparent wipeout has been realised or whether there was more selling to come.</p><p><blockquote>投资者表示,目前似乎不太可能出现系统性风险,但他们担心Archegos明显的破产是否已经完全实现,或者是否会出现更多抛售。</blockquote></p><p>Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.</p><p><blockquote>维亚康姆哥伦比亚广播公司(ViacomCBS)和探索频道(Discovery)的股价周五分别下跌约27%,而在美国上市的百度和腾讯控股音乐(China Music)的股价本周暴跌,较周二收盘水平分别下跌33.5%和48.5%。百度股市开盘小幅走低。</blockquote></p><p>Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.</p><p><blockquote>投资者和分析师指出,周五大量维亚康姆和Discovery股票上市可能会加剧这些股票的下跌。维亚康姆周五也被富国银行下调了评级。</blockquote></p><p>A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.</p><p><blockquote>周六接电话的Archegos一位人士拒绝置评。根据该基金网站的页面截图,Archegos由Bill Hwang创立,他在2001年至2012年期间创立并经营Tiger Asia,后来将其更名为Archegos Capital,并将其定为家族办公室。Tiger Asia是一家总部位于香港的基金,旨在通过押注亚洲证券获利。</blockquote></p><p>Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.</p><p><blockquote>根据Archegos的网站here,在创办Tiger Asia之前,Hwang是Tiger Management的股票分析师。朱利安·罗伯逊(Julian Robertson)经营的老虎管理公司(Tiger Management)是一家非常成功的对冲基金,该基金于2000年返还了投资者的资金并关闭了该基金。</blockquote></p><p>Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.</p><p><blockquote>根据当时的新闻稿,黄于2012年解决了美国证券交易委员会的内幕交易指控。据新闻稿称,他和他的公司当时同意支付4400万美元和解。</blockquote></p><p>The scale of the losses at banks is likely to prompt questions about the risk management of banks’ exposure to Archegos.</p><p><blockquote>银行损失的规模可能会引发人们对银行对Archegos风险管理的质疑。</blockquote></p><p>In Japan, Chief Cabinet Secretary Katsunobu Kato said the government would carefully monitor the situation at Nomura and that the Financial Services Agency would share information with the Bank of Japan.</p><p><blockquote>在日本,内阁官房长官加藤胜信表示,政府将密切关注野村证券的情况,金融厅将与日本央行分享信息。</blockquote></p><p>For Credit Suisse this will mark the second straight quarter the bank has recorded losses on hedge fund exposure and adds to pressure on chief executive Thomas Gottstein, who is grappling with the fallout from the bank’s dealings with collapsed supply chain finance company Greensill.</p><p><blockquote>对于瑞士信贷来说,这将标志着该银行连续第二个季度在对冲基金敞口上出现亏损,并增加了首席执行官托马斯·戈特斯坦(Thomas Gottstein)的压力,他正在努力应对该银行与倒闭的供应链金融公司Greensill交易的影响。</blockquote></p><p>Last quarter Credit Suisse booked a $450 million impairment after alternative investment firm York Capital Management, which it held a stake in, informed investors it would wind down its European hedge funds business.</p><p><blockquote>上季度,瑞士信贷持有股份的另类投资公司约克资本管理公司(York Capital Management)通知投资者将关闭其欧洲对冲基金业务,瑞士信贷计提了4.5亿美元的减值。</blockquote></p><p>VOLATILITY CONCERNS</p><p><blockquote>波动性担忧</blockquote></p><p>Some market participants said last week’s wild moves were likely to make investors increasingly cautious.</p><p><blockquote>一些市场人士表示,上周的疯狂举动可能会让投资者越来越谨慎。</blockquote></p><p>“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”</p><p><blockquote>“这太疯狂了,”OANDA高级市场分析师爱德华·莫亚(Edward Moya)表示。“当你考虑到其中一些公司在过去几个月里如何飙升时,就会有人担心我们杠杆率过高。”</blockquote></p><p>Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.</p><p><blockquote>其他市场参与者表示,潜在的平仓对大盘的影响有限。尽管维亚康姆和其他股票大幅抛售,但纳斯达克综合指数和标普500周五均飙升超过1%。</blockquote></p><p>“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”</p><p><blockquote>Baird市场策略师Michael Antonelli表示:“这些围绕基金清算的故事时有发生。”“周五进行大宗交易的一些公司近期可能会出现一些波动,因为交易员想知道抛售是否完成。”</blockquote></p><p></p><p>Several banks were meant to be involved with the trade unwinds. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved. The Financial Times reported that Morgan Stanley sold $4 billion worth of shares early on Friday, followed by another $4 billion in the afternoon. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman 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 Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.</p><p><blockquote>几家银行本应参与交易平仓。一位知情人士周六表示,高盛集团参与其中。英国《金融时报》报道称,摩根士丹利周五早些时候出售了价值40亿美元的股票,随后下午又出售了40亿美元。彭博社和英国《金融时报》周六报道称,高盛在大宗交易中清算了价值超过100亿美元的股票。彭博社周六的报道称,彭博社看到的一封致客户的电子邮件bloom.bg/3lyOrzm称,高盛在周五美国市场开盘前出售了百度公司、腾讯控股音乐娱乐集团和唯品会控股有限公司价值66亿美元的股票。报告称,此后,高盛出售了inViacomCBS Inc、Discovery Inc、Farfetch Ltd、爱奇艺Inc和跟谁学公司价值39亿美元的股票。</blockquote></p><p>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru and Rachel Armstrong in London; Editing by Paul Simao, Jane Wardell and Louise Heavens</p><p><blockquote>Megan Davies、Ira Iosebashvili和Kenneth Li在纽约的报道,Juby Babu在本加卢鲁和Rachel Armstrong在伦敦的补充报道;编辑:保罗·西芒、简·沃德尔和路易丝·天堂</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.reuters.com/article/us-usa-markets-blocktrades/nomura-credit-suisse-warn-on-losses-after-archegos-share-sale-idUSKBN2BK0OR\">reuters</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NMR":"野村控股"},"source_url":"https://www.reuters.com/article/us-usa-markets-blocktrades/nomura-credit-suisse-warn-on-losses-after-archegos-share-sale-idUSKBN2BK0OR","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162870866","content_text":"TOKYO/ZURICH (Reuters) - Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls.A fire sale of stocks on Friday caused big drops in the share prices of companies linked to Archegos, according to a source familiar with the matter, putting markets on edge about the scale of the possible fallout.Nomura said on Monday that it faced a possible $2 billion loss due to transactions with a U.S. client while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.Credit Suisse said that a fund had “defaulted on margin calls” to it and other banks, meaning they were now in the process of exiting these positions.Nomura shares closed down 16.3% while Credit Suisse shares were opened down 10%. Other bank stocks also fell, with the European financial services stock index down 0.9%.Nasdaq 100 futures fell 1% in late Asia trade as the widening fallout of Archegos’ liquidation became clearer, while S&P 500 futures extended losses to fall 0.8%.Investors said systemic risks at this point seem unlikely, but were nervous about whether the full extent of Archegos’ apparent wipeout has been realised or whether there was more selling to come.Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.The scale of the losses at banks is likely to prompt questions about the risk management of banks’ exposure to Archegos.In Japan, Chief Cabinet Secretary Katsunobu Kato said the government would carefully monitor the situation at Nomura and that the Financial Services Agency would share information with the Bank of Japan.For Credit Suisse this will mark the second straight quarter the bank has recorded losses on hedge fund exposure and adds to pressure on chief executive Thomas Gottstein, who is grappling with the fallout from the bank’s dealings with collapsed supply chain finance company Greensill.Last quarter Credit Suisse booked a $450 million impairment after alternative investment firm York Capital Management, which it held a stake in, informed investors it would wind down its European hedge funds business.VOLATILITY CONCERNSSome market participants said last week’s wild moves were likely to make investors increasingly cautious.“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”Several banks were meant to be involved with the trade unwinds. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved. The Financial Times reported that Morgan Stanley sold $4 billion worth of shares early on Friday, followed by another $4 billion in the afternoon. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman 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 Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru and Rachel Armstrong in London; Editing by Paul Simao, Jane Wardell and Louise Heavens","news_type":1,"symbols_score_info":{"CS":0.9,"NMR":0.9}},"isVote":1,"tweetType":1,"viewCount":1360,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":56,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/352722970"}
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