Goldman Sachs liking Chinese equites, citing valuations (bargains)

<p><a href="https://www.reuters.com/markets/hedge-flow-hedge-funds-lap-up-china-stocks-fastest-pace-5-years-goldman-2024-01-29/" target="_blank" rel="nofollow">Reuters </a>cite a note it has seen from Goldman Sachs, bullish on Chinese stockmarkets. </p><ul><li>Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years</li><li>Most of the action last week reflected hedge funds entering into outright long positions — betting stock prices would rise — rather than exiting short positions. </li><li>Hedge funds mostly piled into U.S.-listed shares of overseas companies, or ADRs, as a way of buying into Chinese equities</li><li>followed by them buying mainland A-shares and Chinese companies listed in Hong Kong, or H-shares</li><li>overall positioning in Chinese equities remains at five-year lows across both hedge funds and mutual funds</li></ul><p>More at that link from Monday. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.