U.S. hedge funds dumped shares in Chinese companies in Q2

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Concerns about economic growth and geopolitical tension linger

U.S.-based hedge fund investors such as Coatue, D1 Capital and Scion cut their exposure to Chinese companies in the second quarter, as doubts grew over whether the country’s long-awaited reopening would boost its economic growth, and geopolitical tension increased.

D1 Capital Partners also dumped all its 1.7 million shares - or $1.7 billion - in Alibaba, according to documents. Worries over China’s economy have heated up in recent days, as the country’s largest private real estate developer, Country Garden seeks to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 31. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités