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TOKYO: Nomura Holdings Inc’s warning of a “significant” potential loss from an unnamed US client is related to the unwinding of trades by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter.
BEIJING: The massive selloff in US-listed shares of Chinese technology companies isn’t linked to their fundamentals and makes for a bigger buying opportunity, according to Citigroup Inc.
Asian stock markets were mixed Monday after Wall Street hit a new high amid optimism about government stimulus and the rollout of coronavirus vaccines. Shanghai, Tokyo, Hong Kong and Seoul advanced.