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Goldman Sachs: US hedge funds significantly increased their shareholding of Chinese concept stocks in the third quarter.
A report by Goldman Sachs, a US investment bank, shows that US hedge funds increased their investments in Chinese companies listed in the US in the third quarter, with jd.com and GDS Holdings stocks being bought the most. According to a report sent to clients on Wednesday by Goldman Sachs, the exposure of US hedge funds to US-listed Chinese concept stocks has risen to the highest level since the end of 2021. The bank stated that as of early the fourth quarter, approximately 25% of US long-short stock funds hold at least one long position in Chinese concept stocks. E-commerce giant jd.com is the most popular, attracting 47 hedge funds, with 26 funds net buying in the third quarter.
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
BofA Securities Maintains Atour Lifestyle Holdings(ATAT.US) With Buy Rating, Raises Target Price to $36
Citi Maintains Atour Lifestyle Holdings(ATAT.US) With Buy Rating, Raises Target Price to $30.5
Atour Lifestyle Reports Strong Q3 2024 Results
U.S. stocks are moving | Third quarter revenue and net profit increased by over 40%, atour lifestyle holdings (ATAT.US) rose more than 6% in pre-market trading.
On Tuesday, atour lifestyle holdings (ATAT.US) rose 6.05% in pre-market trading, reaching $28.73.
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