Hedge Funds Dropping China Stocks For American Oil ...Middle East

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Hedge Funds Dropping China Stocks For American Oil
source : OILPRICE ( Middle East ) () 41
As tensions rise between China and the United States over Taiwan, Goldman Sachs says it is seeing big money managers around the world dumping Chinese equities and moving money into American energy instead, Reuters reports. Not only are Chinese equities being dropped in favor of American energy shares, but it’s being done at what Goldman calls a near-record pace. "As concerns heightened around geopolitics, Chinese equities were net sold for the first time in a month, driven by risk unwinds with long sales outpacing short covers," Reuters cited…

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