On August 18, Blackstone Group LP fell 3.04% in regular trading, trading at $139.85/share, with turnover of $278 million. Multiple negative catalysts continued to weigh on the stock.

On the news front, Broadcom's 20% plunge intensified market scrutiny of credit risks associated with AI infrastructure financing platforms. As a core participant in the XPV platform, Blackstone is leading the arrangement of at least $36 billion in new debt financing to support Anthropic's chip deal with Google — raising concerns over off-balance-sheet contingent guarantee exposure. Additionally, the firm was reportedly considering dropping a roughly $3 billion fund collateralized debt obligation financing plan after struggling to find buyers for the equity tranche. Its listed private credit fund's 94% profit decline also continued to suppress sentiment.

Within the Asset Management sector, the overall industry faced broad selling pressure. Among peers, KKR fell 5.32%, BlackRock fell 1.68%, Ares Management fell 2.65%, while Bank of New York Mellon rose 1.26% and State Street rose 1.35%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)