Scott Heins/Getty ImagesA wave of selling in a handful of stocks on Friday was sparked by a $20 billion margin call for Archegos Capital. Archegos is the family office of former Tiger Management portfolio manager Bill Hwang. These are the 8 stocks that plummeted on Friday as margin calls led to a $20 billion forced liquidation of Archegos Capital. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A wave of multi-billion share blocks for a handful of stocks hit the market on Friday as Archegos Capital was hit with a $20 billion margin call. The highly-leveraged firm, which is the family office of former Tiger Management trader Bill Hwang, was forced to liquidate its stocks as a number of positions moved against it. Banks including Goldman Sachs, Morgan Stanley, and Credit Suisse offered numerous share blocks that led to a precipitous decline in several US and Chinese stocks on Friday. More than $35 billion in market value was wiped away from these stocks as the selling intensified on Friday. These are the 8 stocks that plummeted on Friday as margin calls led to a $20 billion forced liquidation of Archegos Capital.8. BaiduTicker: BIDUFriday Gain: 2%. Baidu was down as much as 8% before recovering late Friday. Markets Insider7. Tencent Music EntertainmentTicker: TMEFriday Decline: 1%Markets Insider6. Vipshop HoldingsTicker: VIPSFriday Decline: 2%Markets Insider5. FarfetchTicker: FTCHFriday Decline: 2%Markets Insider4. iQIYITicker: IQFriday Decline: 13%Markets Insider3. ViacomCBSTicker: VIACFriday Decline: 27%Markets Insider2. Discovery Inc. Ticker: DISCAFriday Decline: 27%Markets Insider1. GSX TecheduTicker: GSXFriday Decline: 42%Markets Insider
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