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Dear Etorians, 10/04/24
Investors betting on shares of U.S.-listed Chinese companies likely suffered heavy losses in the last two weeks of September, as optimism over sweeping economic stimulus measures sparked a sharp rally , according to data from S3 Partners.
“If the rally continues, we should see short covering related to a tightening effect for many of these stocks, with short sellers reducing their exposure,” said Ihor Dusaniwsky, managing director at S3 Partners, adding that this could push prices even higher.