Samsung Electronics Sinks, PetroChina Up, Bank of China Boost
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Episode Samsung Electronics Sinks, PetroChina Up, Bank of China Boost
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Tech stocks like Samsung Electronics are selling off after Elon Musk said SpaceX has closed a $40 billion debt deal to pay for the chips needed to fuel its artificial intelligence ambitions. - The number of bullish PetroChina options traded surged to a seven-month high, while calls on Sinopec became among the most active in Hong Kong as both stocks jumped before earnings this week. - Bloomberg Intelligence expect Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China should receive the bulk of late-September government stimulus through the end of the year, extending their lead in a shrinking lending market.
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