Hedge funds set new single day record in dumping Chinese equities - Goldman Sachs

Oct. 10, 2024 10:41 AM ETFXI, PGJ, EWH, TCOM, CAF, GXC, TDF, LI, CHIQ, YINN, YANG, CQQQ, MCHI, VIPS, CXSE, KWEB, ASHR, KBA, TOUR, JD, BZUN, CWEB, KURE, NIO, GOTU, DADA, XPEV, EM, DDL, QSGBy: Manshi Mamtora, CFA2 Comments
(2min)
China national flag overlaid with Yuan renminbi banknotes. Chinese money and political situation. Concept of Chinese financial and business markets changes

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Hedge funds recorded the largest single-day net selling of Chinese equities on Tuesday, October 8, as China's National Development and Reform Commission underwhelmed with no major stimulus, a Goldman Sachs note showed.

Hedge funds not only reduced long positions, but also increased short positions, with

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