Reported 5 days ago
A recent surge in Chinese stocks fueled by government stimulus has resulted in approximately $6.9 billion in losses for traders shorting US-listed shares. The CSI 300 index rose over 27% since mid-September, significantly affecting short positions in major companies like Alibaba and JD.com, while traders betting against companies like Nio and XPeng have fared better. Despite these losses, many short sellers are hesitant to cover their positions, though a continued market upswing may prompt significant covering and further price increases.
Source: YAHOO