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Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist

Channel News Asia LogoChannel News Asia15h ago

Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist - Channel News Asia

Quick Summary:

LONDON : Systematic trading strategies including those run by hedge funds continue to dump trades, adding to about $109 billion of global equity futures sold in the past month, Goldman Sachs strategist Scott Rubner said in a note seen by Reuters on Tuesday.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 8, 2024.

A systematic trading strategy uses strict rules rather than a speculator's gut feeling, and sometimes includes coding and algorithms, to guide trading and investment decisions.


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Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist - Channel News Asia (Picture 1)Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 17:49:55 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22065322

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 53 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 36 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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