Investors buy Chinese stocks for the first time in almost two months

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

NEW YORK/LONDON : Global hedge funds added more Chinese stocks to their portfolios than they sold in recent days for the first time in seven weeks, Goldman Sachs Group said in a report.The move seen in onshore and offshore shares was mainly driven by short covers, according to Goldman Sachs. It means that

NEW YORK/LONDON : Global hedge funds added more Chinese stocks to their portfolios than they sold in recent days for the first time in seven weeks, Goldman Sachs Group said in a report.

Out of 11 sectors tracked by Goldman Sachs, which tracked the period between June 30 and July 6, only healthcare, financials, communication services and real estate were net sold.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines