Hong Kong's Most Painful Short Keeps on Breaking Record Highs
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Investors shorting Kingdee International Software Group Co. are feeling the pain as they watch the shares soar to a record.
The stock jumped 13 percent on Monday in Hong Kong, capping its biggest two-day gain since July 2015. Bulls are betting on its cloud strategy, and further gains could prompt MSCI Inc. to include it in its benchmark indexes, said Alex Wong, Hong Kong-based director of asset management at Ample Capital Ltd., which oversees $170 million.