Hedge funds bought these Chinese technology stocks in the second quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Big investors took a selective approach to China-based technology stocks in the second quarter, recent regulatory filings suggest.

Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers. Earlier this year, the country fully reopened borders to foreign tourists for the first time since the eruption of the Covid-19 pandemic, but gross domestic product data showed a slower-than-expected recovery. More recent data has also painted a picture of a wobbling economy , with recent industrial production data in China rising 3.

mountain Alibaba shares year to date The big investor also amped up his bet on Alibaba , a popular name among a handful of major hedge funds. Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million. Baidu also garnered the attention of big investors, with both Coatue Management's Philippe Laffont and Appaloosa taking fresh gambles on the stock.

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:

 /  🏆 12. in FR
 

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

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hedge funds dumped Chinese stocks in August, says GoldmanGlobal hedge funds 'aggressively' sold Chinese stocks amid heightened concerns over the country's property sector and a weak batch of economic data, a Goldman Sachs report on Tuesday showed.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Stock market today: Wall Street drops as faltering Chinese economy sets off global slideA sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy.
La source: AP - 🏆 728. / 51 Lire la suite »