Reported 2 months ago
Hedge funds have sharply increased their bearish bets on Japanese stocks, marking the fastest rate of short positions accumulation in over five years, according to Goldman Sachs. The Nikkei index recorded its worst day on August 5 since 1987, driving fund managers to net sell Japanese stocks during the week ending August 8. As concerns about the economy spread globally, hedge funds exhibit a continuing trend of bearish sentiment towards equities.
Source: YAHOO