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Hedge Funds' Net Purchases of CN Stocks Last Wk Hit 4Mth+ High; Fidelity Adding CN Stocks
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China-made DeepSeek sends shockwave to the world. This, compounded with the market anticipation that further stimulus measures will be introduced at the “Two Sessions” of the mainland China next month, may partially offset the threat of US tariffs. Chinese stocks have once again favored by international investors. Citing Goldman Sachs trader records, foreign media reported that hedge funds' net purchases of Chinese stocks last week touched an over-four-month high, almost entirely driven by long positions. Fidelity International also said it is overweighting Chinese stocks and adding them to investment portfolios. Taosha Wang, a portfolio manager at Fidelity based in Hong Kong, said the broker is more bullish about the Chinese market. In addition to economic fundamentals and a return of “animal spirits”, she said that the new DeepSeek AI tool is also entailing investment opportunities. The MSCI China Index has climbed 14% since its January low, and on Tuesday (11th) it hit a three-month high before receding. Last week, the HSTECH also entered a “bull market”. AAStocks Financial News |
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