The Zhitong Finance App learned that after restricting withdrawals from one of its private equity credit funds, the stock price of Morgan Stanley (MS.US) fell on Thursday and fell at the same time as the shares of a number of large asset management companies. Morgan Stanley shares fell 4.1%, closing at their lowest level since October last year. Apollo Global Management (APO.US), KKR (KKR.US), and Ares Management (ARES.US) all fell by more than 3%. The KBW Bank Index fell 2.5% for the sixth consecutive trading day.

The Zhitong Finance App learned that after restricting withdrawals from one of its private equity credit funds, the stock price of Morgan Stanley (MS.US) fell on Thursday and fell at the same time as the shares of a number of large asset management companies. Morgan Stanley shares fell 4.1%, closing at their lowest level since October last year. Apollo Global Management (APO.US), KKR (KKR.US), and Ares Management (ARES.US) all fell by more than 3%. The KBW Bank Index fell 2.5% for the sixth consecutive trading day.