Buy-the-Bottom Calls on China Get Louder as Shanghai Reopens
- Investor demand for Chinese shares has jumped over last month
- YINN China stocks ETF saw record trading volume on Tuesday
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Investors are trying to get ahead of any good news in China, as the lifting of a lockdown in financial center Shanghai eases pressure on a struggling economy.
A three-times leveraged China stock ETF saw a record volume surge Tuesday and Wednesday, almost six times the daily average. Data Monday showed overseas investors snapped up $2.5 billion worth of Shanghai and Shenzhen shares last month and hedge funds look to have covered their short positions after being wrongfooted by a brief rally in mid-March.