News Snapshot:
Big hedge funds soured on Chinese stocks in the second quarter as Beijing’s regulatory crackdown across the private sector ramped up. X But they loaded up on new IPO stock and Chinese ride-hailing giant Didi Global (DIDI), the latest hedge funds’ 13F filings show. The so-called Uber (UBER) of China went public at the very end of Q2. Since then, however, the stock has sold off more than 40% as it became a top target of China’s government. The latest filings come after Cathie Wood has disclosed that her ETFs have been steadily unloading Chinese stocks. On Monday, her ARK...
