Blackstone Inc(NYSE:BX) shares are trading lower on Thursday after Morgan Stanley became the latest major Wall Street firm to restrict withdrawals at one of its private‐credit funds.
- Blackstone stock is testing key support levels. What's behind BX weakness?
Morgan Stanley's move has intensified fears of contagion across the roughly $2 trillion private‐credit market and has reminded investors of Blackstone's own surge in redemption requests at its BCRED fund earlier this month.
Morgan Stanley Limits Redemptions, Raising Contagion Fears
Morgan Stanley disclosed in a regulatory filing that it has limited withdrawals at its North Haven...
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