Reuters cite a observe it has seen from Goldman Sachs, bullish on Chinese language stockmarkets.
Hedge funds snapped up battered Chinese language shares over three days final week on the quickest tempo in additional than 5 yearsMost of the motion final week mirrored hedge funds coming into into outright lengthy positions — betting inventory costs would rise — reasonably than exiting brief positions. Hedge funds principally piled into U.S.-listed shares of abroad firms, or ADRs, as a method of shopping for into Chinese language equitiesfollowed by them shopping for mainland A-shares and Chinese language firms listed in Hong Kong, or H-sharesoverall positioning in Chinese language equities stays at five-year lows throughout each hedge funds and mutual funds
Extra at that hyperlink from Monday.
This text was written by Eamonn Sheridan at www.forexlive.com.
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