Hedge Fund Buyers Return to Hong Kong Stocks, JPMorgan Says
- Flows to China stocks stabilized with buying likely to resume
- Buying in Hong Kong, China led by multistrategy hedge funds
An electronic screen displays the Hang Seng Index, top, and Hang Seng China Enterprises Index, in Hong Kong.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
JPMorgan Chase & Co.’s hedge fund clients have returned to buying Hong Kong stocks since mid-March after continuous selling for more than a year, the Wall Street bank said in a note Thursday.
In China, flows have stabilized as purchases to cover short positions were offset by a reduction in bullish wagers in the last few weeks, the U.S. lender said.