Aug
05
China Bears Score $7.1 Billion Victory in Long-Running ‘Pain Trade’
ByInvestors pile back into bets against China’s stocks, currency as trade dispute intensifies
China Bears Score $7.1 Billion Victory in Long-Running ‘Pain Trade’
Investors are piling into bets against China’s stocks and currency, reviving what has been one of Wall Street’s most popular—and painful—trades in recent years.
Asset managers including Invesco Ltd. have amassed positions that will pay off if the Chinese yuan continues to slide, while investment firms like Muddy Waters Research and Blue Orca Capital LLC have announced new bets against Chinese stocks…
China Bears Score $7.1 Billion Victory in Long-Running ‘Pain Trade’
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