Chinese equities saw the largest ever net buying from hedge funds last week, marking the most powerful weekly purchase on record, according to Goldman Sachs.
Beijing 's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Chinese equities saw the largest net buying ever from hedge funds last week, marking the most powerful weekly purchase on record, according to Goldman Sachs prime brokerage data.
mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat. "Major fiscal stimulus may be coming and prompt investors to step in, given Chinese stocks are at a deep discount to developed markets shares," BlackRock strategists said in a note. "Yet we stay ready to pivot. We are cautious long term given China's structural challenges.
Beijing China Stock Markets Investment Strategy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge funds fuel record weekly buying in Chinese stocks on stimulus cheerHedge funds fuel record weekly buying in Chinese stocks on stimulus cheer
Read more »
This trade can hedge against a spike in volatility as election nears, Goldman saysCall options on Wall Street's 'fear gauge' could be a way to take advantage of unusually low volatility expectations, according to Goldman Sachs.
Read more »
Top Goldman Sachs Stock Researcher Warns AI Bubble May Be About to ExplodeScience and Technology News and Videos
Read more »
Goldman Sachs stock drops 4% as CEO David Solomon warns of weak tradingThe price of a share in the bank fell by just over $19 the day after its chief executive spoke to an investor conference in New York.
Read more »
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer businessIn late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of writedowns related to selling chunks of the business.
Read more »
Goldman Sachs CEO contends Harris grossly overstated economic boost that her policies would bringPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »