Image

Goldman Sachs liking Chinese language equites, citing valuations (bargains)

Reuters cite a word it has seen from Goldman Sachs, bullish on Chinese language stockmarkets.

  • Hedge funds snapped up battered Chinese language shares over three days final week on the quickest tempo in additional than 5 years
  • Many of the motion final week mirrored hedge funds getting into into outright lengthy positions — betting inventory costs would rise — somewhat than exiting brief positions.
  • Hedge funds principally piled into U.S.-listed shares of abroad corporations, or ADRs, as a means of shopping for into Chinese language equities
  • adopted by them shopping for mainland A-shares and Chinese language corporations listed in Hong Kong, or H-shares
  • total positioning in Chinese language equities stays at five-year lows throughout each hedge funds and mutual funds

Extra at that hyperlink from Monday.

This text was written by Eamonn Sheridan at www.forexlive.com.

SHARE THIS POST