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

📆 10/07/2023 21:25:00
📰 ChannelNewsAsia

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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.

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