Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding.
Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight
Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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