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Sign up here for our everyday newsletter, 10 Things Before the Opening Bell.A wave of multi-billion share blocks for a handful of stocks struck the market on Friday as Archegos Capital was hit with a $20 billion margin call.The highly-leveraged company, which is the household workplace of previous Tiger Management trader Bill Hwang, was required to liquidate its stocks as a number of positions moved against it. Banks including Goldman Sachs, Morgan Stanley, and Credit Suisse used various share obstructs that led to a sheer decrease in several United States and Chinese stocks on Friday.More than $35 billion in market value was wiped away from these stocks as the selling intensified on Friday.

8. BaiduTicker: BIDUFriday Gain: 2%. Baidu was down as much as 8% before recovering late Friday.

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7. Tencent Music EntertainmentTicker: TMEFriday Decline: 1%.

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6. Vipshop HoldingsTicker: VIPSFriday Decline: 2%.

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5. FarfetchTicker: FTCHFriday Decline: 2%.

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4. iQIYITicker: IQFriday Decline: 13%.

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3. ViacomCBSTicker: VIACFriday Decline: 27%.

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2. Discovery Inc.Ticker: DISCAFriday Decline: 27%.

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1. GSX TecheduTicker: GSXFriday Decline: 42%.

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A wave of selling in a handful of stocks on Friday was sparked by a $20 billion margin call for Archegos Capital.Archegos is the household office of previous Tiger Management portfolio manager Bill Hwang.These are the 8 stocks that plunged on Friday as margin calls led to a $20 billion required liquidation of Archegos Capital. Sign up here for our day-to-day newsletter, 10 Things Before the Opening Bell.A wave of multi-billion share obstructs for a handful of stocks struck the market on Friday as Archegos Capital was hit with a $20 billion margin call.The highly-leveraged company, which is the family office of former Tiger Management trader Bill Hwang, was forced to liquidate its stocks as a number of positions moved versus it. Banks including Goldman Sachs, Morgan Stanley, and Credit Suisse provided many share blocks that led to a precipitous decline in a number of US and Chinese stocks on Friday.More than $35 billion in market worth was wiped away from these stocks as the selling intensified on Friday. BaiduTicker: BIDUFriday Gain: 2%. Baidu was down as much as 8% prior to recovering late Friday.

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