Market panic, "Goldman Sachs" sells Block Trade shares lot

[limited]

Bloomberg News reports that Goldman Sachs, a major US investment bank, sold a $ 105 billion stake in Block Trade on Friday (March 26). It is an unprecedented sellout of a large lot of high-value stocks. It is also a sellout of several stocks since the shares of a major Chinese technology company. To the US media stocks
Goldman's Big Sale Sachs this time surprised investors. And are analyzing the motive behind this stock sell-off Investors also keep an eye on whether Goldman Sachs will sell shares in such a way.



The report states that Before the New York Stock Exchange opened for trading on Friday, Goldman Sachs sold Baidu Inc., Tencent Music xo slot Entertainment Group and Vipshop Holdings for a total of $ 6.6 billion. It then sold $ 3.9 billion in ViacomCBS Inc., Discovery Inc., Farfetch Ltd., iQiyi Inc. and GSX Techedu Inc.



However, Block Trade or the sale of large stocks at an agreed price outside the market. This is a normal situation. But selling shares worth more than 10 billion dollars. And is a sellout of many of Goldman's shares Sachs in normal trading hours. This is not a normal situation.



Oliver Perch, vice president of Wealthspire Advisors, said the divestment of Goldman's shares was a significant increase. Sachs this time “It is very unusual. The market questioning question is whether Goldman Sachs will sell its shares again or not. And will the market be affected by Block Trade in the coming days? ”