Prime brokers are tightening financing terms and limiting new swap exposure to South Korea’s largest semiconductor stocks as a record-breaking rally in AI-linked names drives concerns over crowding and downside risk, according to a report by Bloomberg.
The report cites market sources as saying that several global banks including Citigroup Inc, JPMorgan Chase & Co, and Goldman Sachs Group Inc, have increased financing costs for hedge funds seeking synthetic long exposure to SK Hynix and Samsu...
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