More Top Funds Dump Chinese Stocks While Big IPO Bet Flops


Source: usanewswall.com usanewswall.com

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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](//research.investors.com/quote.aspx?symbol=DIDI) ), the latest hedge funds’ 13F filings show. The so-called Uber ( [UBER](//research.investors.com/quote.aspx?symbol=UBER) ) of China [went public at the very end of Q2](//www.investors.com/news/technology/didi-ipo-uber-of-china-launches-initial-public-offering/) . 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...