Banks curb hedge fund bets on SK Hynix and Samsung, Bloomberg News reports

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Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

Global banks are tightening restrictions on hedge funds’ leveraged bets in Asia's leading chipmakers including SK Hynix and Samsung Electronics following a blistering rally this year, Bloomberg News reported on Friday citing people familiar with the matter.

Brokers including Citigroup, JPMorgan and Goldman Sachs have raised the financing cost for hedge funds to take bullish wagers on SK Hynix and Samsung Electronics shares via swaps, the report said.

Reuters

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