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Investing.com -- Global hedge funds increased their trading volumes in Asian markets to the highest level in more than five years last week, according to a Goldman Sachs note.
The note, published on Friday, revealed that funds were actively buying and short-selling, with bullish positions in Asia between June 6 and June 12 reaching their highest level since September 2024, outpacing bearish bets.
Hedge funds purchased equities in Japan, Hong Kong, Taiwan and India, while short selling onshore Chinese stocks, Goldman Sachs reported.
Asian stocks continued their strong June rally as high-level trade talks between U.S. and China in London created optimism for a potential de-escalation of trade tensions. Additionally, South Korea’s election of a market-friendly president helped boost capital inflows to the region.
Market participants noted that the trend of de-dollarization as a hedge against further U.S. dollar declines also benefited Asian markets broadly.
"If you are an international investor, you might start to rotate back to either your own markets or Asia that has been under appreciated," said Kier Boley, co-head and CIO of UBP Alternative Investment Solutions.
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