Chip-stock bets lose $52 million in 10 minutes while Wall Street is closed

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A sharp 10-minute sell-off hit round-the-clock chip-stock contracts while U.S. markets were closed. Because the underlying shares were not trading, traders had no actual share price to rely on. The sudden drop wiped out about $52 million in bets. The episode highlights the risks of trading synthetic exposure outside regular market hours.

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