Hedge funds buy Chinese stocks for fourth consecutive week

HONG KONG - Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining hordes of investors trying to get ahead of a rebound in the market.

On Monday, Goldman Sachs raised the price targets for both MSCI China and China's blue chip CSI 300 Index. "The resulting performance pressures may have incentivized investors to close underweight gaps or raise exposures in Chinese stocks, likely reinforcing and fueling the upturn as the positive spiral takes hold."

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