US and China agree deal to slash tariffs for 90 days
Read US and China agree deal to slash tariffs for 90 days on WALY Radio
US and China agree deal to slash tariffs for 90 days
By Summer ZhenHONG KONG (Reuters) -Hedge funds, especially U.S.-based ones, added bullish bets on Chinese stocks last week on hopes of progress in U.S.-China trade talks, according to Morgan Stanley.MSCI China Index and China’s blue-chip CSI 300 rose 2.4% and 1.9%, respectively, last week, ahead of the high-stakes U.S.-China trade talks in the Swiss city of Geneva over the weekend.U.S.-based hedge funds \"re-engaged\" with China by absorbing both Chinese shares traded in the U.S. and domestic A-shares, after seeing encouraging signs surrounding the potential for a trade deal, Morgan Stanley said in note published Friday.In comparison, hedge funds reduced positions ..