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Hedge Fund Buyers Return to Hong Kong Stocks, JPMorgan Says

  • Flows to China stocks stabilized with buying likely to resume
  • Buying in Hong Kong, China led by multistrategy hedge funds
An electronic screen displays the Hang Seng Index, top, and Hang Seng China Enterprises Index, in Hong Kong.

An electronic screen displays the Hang Seng Index, top, and Hang Seng China Enterprises Index, in Hong Kong.

Photographer: Paul Yeung/Bloomberg

JPMorgan Chase & Co.’s hedge fund clients have returned to buying Hong Kong stocks since mid-March after continuous selling for more than a year, the Wall Street bank said in a note Thursday. 

In China, flows have stabilized as purchases to cover short positions were offset by a reduction in bullish wagers in the last few weeks, the U.S. lender said.