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The Business Station
Were Derivatives and SoftBank Behind The Tech Rally?
12 mins
·
07:37, 11 Sept 2020
·
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On Monday, SoftBank's market value fell by about $9 billion after the Financial Times broke news that the Japanese tech investor was the so-called “Nasdaq whale” that drove the US stock market to record highs in recent months.
SoftBank had reportedly spent about $4 billion on options focused on tech stocks with an overall exposure of about $30 billion. However, some analysts say it can’t attribute the overall market impact solely to SoftBank.
For a better understanding of this and how it all works, we spoke to Ed Clissold, Chief U.S. Strategist at Ned Davis Research.
Image Credit: Tada Images / Shutterstock.com
Presenter: Roshan Kanesan, Lyn Mak, Noelle Lim
Producer: Dayana Mustak
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Were Derivatives and SoftBank Behind The Tech Rally?
12 mins
·
07:37, 11 Sept 2020
On Monday, SoftBank's market value fell by about $9 billion after the Financial Times broke news that the Japanese tech investor was the so-called “Nasdaq whale” that drove the US stock market to record highs in recent months.
SoftBank had reportedly spent about $4 billion on options focused on tech stocks with an overall exposure of about $30 billion. However, some analysts say it can’t attribute the overall market impact solely to SoftBank.
For a better understanding of this and how it all works, we spoke to Ed Clissold, Chief U.S. Strategist at Ned Davis Research.
Image Credit: Tada Images / Shutterstock.com
Presenter: Roshan Kanesan, Lyn Mak, Noelle Lim
Producer: Dayana Mustak
Share:
Recommended
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Recent episodes
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