Drk2100 schreef op 15 februari 2023 08:57:
www.bloomberg.com/news/articles/2023-...China Stock Slide Puts Hedge Funds’ Crowded Trade at Risk
Gauge of China stocks listed in Hong Kong heads for correction
Investors counting on policies from Congress to recharge rally
A gauge of Chinese stocks in Hong Kong was poised to enter a technical correction, as a selloff spurred by geopolitical tensions and doubts over the nation’s economic recovery extended.
The Hang Seng China Enterprises Index slid as much as 1.9% in Hong Kong on Wednesday, taking its losses from a Jan. 27 peak to more than 10%. A sharp three-month surge in the gauge hit a stumbling block in February as weakness among manufacturers and tepid sales of cars and homes dented the optimism sparked by the nation’s faster-than-expected reopening.
Global fund managers from abrdn plc and Fidelity International are pinning hopes on potential pro-growth policies from the National People’s Congress in March to resuscitate the rally. Still, with hedge funds having piled into Chinese equities last quarter, adding to what’s already the most-crowded trade according to a Bank of America Corp. survey, there’s a chance gains going ahead may be small.
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Het is het idee van dat stukje dat er de komende tijd winstnemingen gaan zijn omdat iedereen in de China re-open trade zit