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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Japanese bank Mizuho may have lost around $90 million in the Archegos stocks sale saga that has hit financial institutions worldwide, the Nikkei newspaper reported Thursday. The report, which did not identify sources, came after the Financial Times said Mizuho was investigating possible exposure to the sell-off. A fire sale late last month by Archegos Capital Management, which looks after the fortune of businessman Bill Hwang, has left global banks from Japan's Nomura to Switzerland's Credit Suisse counting losses. Among the companies sold were top Chinese names such as Baidu Inc, Tencent Music Entertainment Group and Vipshop Holdings -- all under pressure at home as Beijing reins in the tech sector -- plus US giants such as ViacomCBS and Discovery. Mizuho's reported losses are far smaller than those incurred by some institutions, with Nomura warning of up to $2 billion in exposure. Contacted by AFP, Mizuho declined to confirm or deny the report, with an official saying "we don't comment on individual deals". nf-sah/axn
schema:headline	Japan's Mizuho faces $90 million Archegos loss: report
schema:mentions	Mizuho Financial Group Discovery Channel Financial Times Agence France-Presse Japanese language Switzerland Japan China Vipshop Tencent Music Fire sale ViacomCBS Baidu Credit Suisse The Nikkei AXN
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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