News Formal

Global hedge funds chase Hong Kong stocks rally, UBS says

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Explore stories from Atlantic Canada.

Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspectHONG KONG - Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note.

Most of the buying was focused on the technology and consumer discretionary sectors, UBS said, without disclosing the amount of flows.Many funds entered 2024 bearish on China while being overweight stocks in Japan and the United States. Beijing is also showing signs of resolving a property crisis through policy easing and clearing housing inventory.

 

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:

 /  🏆 45. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Says Funds Likely Selling Japan Stocks to Buy Hong KongGlobal money managers may be starting to unwind their hugely popular long Japan, short Hong Kong equity trades due to the widening gap between valuations in the two markets, Goldman Sachs Group Inc. says.
Source: BNNBloomberg - 🏆 83. / 50 Read more »