Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus…
Chinese shares listed in Hong Kong jumped the most in almost two years, extending their stimulus-induced euphoria as traders returned from a public holiday. The Hang Seng China Enterprises Index climbed as much as 8.4%, extending its winning streak to 13 days. Property developers led gains with a gauge tracking the sector leaping as much…
Iran’s missile attack on Israel is testing widely held bearish views on oil prices, with the strike raising concerns over potential supply disruptions from the Middle East should tensions increase further. Prime Minister Benjamin Netanyahu has threatened to retaliate to the barrage, and there’s a risk that could spur a tit-for-tat escalation. Brent crude surged…
(Bloomberg) — Hedge funds are piling into Chinese stocks at a record pace on bets Beijing’s stimulus blitz will speed up the recovery of the nation’s struggling economy. Most Read from Bloomberg US-based Mount Lucas Management has entered into bullish positions on China exchange-traded funds, while Singapore’s GAO Capital and South Korea’s Timefolio Asset Management…
By Naomi Rovnick LONDON (Reuters) – Global investors are preparing to stake bets on China again, in a major sentiment shift sparked by Beijing’s drive to reverse its economic slowdown and revive long term interest in its stock markets. It is early days and few money managers expect a Chinese growth boom anytime soon. But…
Hedge funds rushed to buy Chinese equities in a bet that the country’s new stimulus program can boost growth in the world’s second-largest economy. Chinese equities on Tuesday saw the largest daily net buying since March 2021 — the second largest amount in the past 10 years, according to Goldman Sachs Group Inc.’s prime brokerage…