Audit breakthrough fails to lure investors into China ADRs


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HONG KONG, Sept 29 (Reuters) - Global fund managers have been selling U.S.-listed Chinese stocks and the index tracking them is sagging badly, suggesting progress toward resolving disputes over their accounts has not been enough to shake investors' fears about the sector's outlook. As of last Friday, U.S. long-only funds - or funds that do not short stocks - and hedge fund managers were net sellers of such stocks through the third quarter, data from Morgan Stanley strategists showed as of last Friday. It gave no dollar figure for the sell-off, though it has weighed on prices. The Nasdaq Golden...