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.