Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Leveraged exchange-traded funds tracking Samsung Electronics Co. or SK Hynix Inc. probably sold a combined $6 billion of the Korean chipmakers’ shares Tuesday to maintain their ratios, underscoring such products are amplifying market moves, Bloomberg Intelligence says.
- Taiwan’s Taiex Index slides as much as 2.2%, among the worst performers in the region Wednesday, with tech stocks like TSMC leading declines.
- Chinese artificial-intelligence model maker Zhipu is considering a share sale to raise several billion US dollars in Hong Kong, people familiar with the matter said, after soaring 2,000% since its listing in January.