Hedge funds have cut most Chinese stock purchase since late September, says Goldman

Alex Graur

HONG KONG: Global hedge funds dumped China and broader emerging markets shares while buying US equities in a sharp rotation in October ahead of the US election, Goldman Sachs said. China, where stock markets surged 20 per cent last month boosted by a raft of stimulus policies, has now seen heavy outflows this month, according to Goldman's prime brokerage team. China no longer publishes timely data on foreign flows into the mainland market. Goldman Sachs estimates that hedge funds have clawed