{"id":2862,"date":"2024-10-05T17:06:50","date_gmt":"2024-10-05T09:06:50","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=2862"},"modified":"2024-10-05T17:06:50","modified_gmt":"2024-10-05T09:06:50","slug":"%e4%b8%ad%e5%9b%bd%e7%a7%91%e6%8a%80%e8%82%a1%e7%bc%ba%e4%b9%8f%e5%8f%8d%e5%bc%b9%e4%b9%b0%e7%9b%98%ef%bc%8c%e5%b8%82%e5%9c%ba%e8%b5%b0%e5%8a%bf%e4%b8%ba%e6%96%b0%e8%bf%9b%e4%b9%b0%e5%85%a5%e4%bf%a1","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=2862","title":{"rendered":"\u4e2d\u56fd\u79d1\u6280\u80a1\u7f3a\u4e4f\u53cd\u5f39\u4e70\u76d8\uff0c\u5e02\u573a\u8d70\u52bf\u4e3a\u65b0\u8fdb\u4e70\u5165\u4fe1\u53f7"},"content":{"rendered":"

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\u6839\u636eS3 Partners\u548cJPMorgan Chase & Co.\u7684\u5206\u6790\uff0c\u8fd1\u671f\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08American Depositary Receipts\uff09\u7684\u4e3b\u8981\u516c\u53f8\u5305\u62ec\u963f\u91cc\u5df4\u5df4\u3001\u4eac\u4e1c\u548c\u7f8e\u56e2\uff0c\u5176\u7a7a\u5934\u4ed3\u4f4d\u5e76\u672a\u53d1\u751f\u663e\u8457\u53d8\u5316\u3002\u82e5\u7a7a\u5934\u88ab\u8feb\u5e73\u4ed3\uff0c\u5219\u80a1\u4ef7\u53ef\u80fd\u8fdb\u4e00\u6b65\u4e0a\u626c\u3002<\/p>\n

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\u65b0\u95fb\u6765\u6e90\uff1a<\/b>www.bloomberg.com
\u539f\u6587\u5730\u5740\uff1a<\/b>Lack of China Tech Short Covering Means Rally Is Fresh Buying<\/a>
\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2024-10-04
\u539f\u6587\u6458\u8981\uff1a<\/b><\/font><\/p>\n

Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause.  Listen to the Here\u2019s Why podcast on , or .Short positions on American Depositary Receipts of major companies including ,  and  haven\u2019t changed dramatically in recent days, according to S3 Partners and JPMorgan Chase & Co. If the bears were forced out of their bets, the rally could get further momentum.\u201cThe sharp rally in Chinese ADRs over the past week has been mostly the result of fresh buying rather than short covering,\u201d JPMorgan Chase & Co. strategists including  wrote in a note this week. \u201cShort covering in individual stocks appears to have played only a modest role in the Chinese equity rally.\u201d The , which tracks 30 Chinese tech companies listed in Hong Kong, has soared more than 45% in less than four weeks, including a record surge in the six days through Wednesday. Alibaba, JD.com and food-delivery company Meituan were among those that had some of their  in years as investors swept up in a buying spree after the Chinese government announced measures to stimulate the troubled domestic economy. The tech gauge climbed on Friday for the seventh in eight days. While short sellers have incurred , there hasn\u2019t been a rush to cover bearish bets, , managing director of predictive analytics for S3 wrote in an Oct. 1 report. The short interest for Alibaba, JD.com and Baidu had remained around 2% to 3% of shares available. Should the rally continue, though, expect a \u201c\u201d of short covering, which will push up stock prices even further, Dusaniwsky warned.\u201cThe data is surprising as the magnitude of the bounce will normally cause shorts to be wiped out many times over and forced-covered in a traditional risk monitoring and control framework,\u201d said , a fund manager at Maitri Asset Management Pte. \u201cThe latest round of stimulus pivot by the Chinese government shows that the leadership has significant zeal and intent to turn things around.\u201dChinese tech stocks have had a tough few years. While the nation\u2019s economy weakened, a government crackdown on the sector and fierce e-commerce competition hurt results at the firms that once were market darlings.  Also read: Short sellers who are holding on to their positions may be doing so because they\u2019re skeptical on the recent rally, according to , an analyst at MIB Securities Hong Kong Ltd. Morningstar Inc.\u2019s  notes that consumers\u2019 \u201cdowntrading trend\u201d is still pronounced in sectors including e-commerce, travel and food delivery.Still, when it comes to the options market, bulls are alive and well. Bets for gains on a US exchange-traded fund tracking China\u2019s large-cap stocks are near their priciest ever relative to bearish wagers after . Alibaba\u2019s and JD.com \u2014 companies that have seen a burst of bullish options trading recently \u2014 are among its biggest components.Top Tech Stories<\/pre>\n
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