China ‘Snowball’ derivatives worth $13 billion near loss levels
Thursday, 11 January 2024 China's stock market rout threatens $13 billion worth of snowball derivatives, putting pressure on brokerages to liquidate hedge positions and raising market volatility. About $4.2 billion of structured products tied to the CSI 1000 Index are near levels that trigger losses at maturity. In addition, $27 billion worth of derivatives, including autocallables, are at risk. Regulators have tightened their grip on these products to prevent them from being marketed to retail investors as fixed-income products.
Biden Announces $5 Billion , in New Infrastructure Projects.
President Biden visited Superior, Wisconsin, on Jan. 25, CBS News reports. .
While there, he revealed an investment of nearly $5 billion..
Credit: Wibbitz Top Stories Duration: 01:30Published
Thursday, 11 January 2024
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