Lates News

According to media reports, global banks are limiting hedge funds' leveraged bets on top Asian chip manufacturers (including SK Hynix and Samsung Electronics) due to concerns of a possible pullback after sharp increases earlier this year. Sources familiar with the matter said brokers including Citigroup, JPMorgan, and Goldman Sachs have raised the financing costs for hedge funds to bet on SK Hynix and Samsung Electronics stocks through derivatives. Banks have tightened the size of new trades and which companies they provide trades to, with some banks even rejecting new derivative trade requests from clients or evaluating them on a case-by-case basis. Similar measures have been taken against TSMC by banks.