Lates News

A report from Morgan Stanley shows that global hedge funds are increasing their bets on the Chinese stock market and August is expected to see the largest monthly buying spree since February. Morgan Stanley stated that hedge funds have been heavily favoring A-shares since early August, in stark contrast to the influx of funds into Hong Kong's technology sector following breakthroughs in artificial intelligence in February. According to Morgan Stanley's report on Tuesday, last week saw the most funds flowing into the consumer goods and industrial sectors. Morgan Stanley estimates that as of August 22, long-short funds investing in Chinese stocks have seen an average increase of 3% this month, and a total increase of 13.5% year-to-date.