Wall Street Banks Limit Hedge Fund Leverage on SK Hynix, Samsung; Stocks Drop 7% and 4.5% on June 12

According to Bloomberg, on June 12, major Wall Street banks including Citigroup, JPMorgan, and Goldman Sachs limited leveraged bets by hedge funds on Asian chip stocks such as SK Hynix and Samsung Electronics, raising financing costs amid year-to-date gains. SK Hynix fell nearly 7% from its intraday high, while Samsung Electronics declined 4.5%, according to Bitget market data.
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