Lack of China Tech Short Covering Means Rally Is Fresh Buying
- Hang Seng Tech Index up more than 45% in less than four weeks
- Short positions on Alibaba, JD.com and Baidu stayed stable
This article is for subscribers only.
Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause.
Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.