NEW YORK : Hedge funds added bearish bets in Japanese stocks at the fastest pace in over five years for a week between Aug. 2 and Aug. 8, as the Nikkei on Aug. 5 faced the worst day for the index since Black Monday in 1987, Goldman Sachs said in a note on Friday.
FILE PHOTO: A man looks at an electronic board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan, August 6, 2024. REUTERS/Willy Kurniawan/File Photo
Japanese stocks collapsed on Monday amid a sell-off triggered by economic concerns and the unwinding of a popular yen trade that was financing investment in stocks, which reverberated across markets worldwide. Goldman Sachs said hedge funds' net exposure to Japanese equities was on Thursday at 4.8 per cent, down from 5.6 per cent a week earlier.
One of the biggest prime brokers worldwide, Goldman Sachs tracks the flows of its hedge fund clients to report on trends.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rock band Imagine Dragons to play Singapore Indoor Stadium on Nov 25Ticket pre-sales start on Aug 12 while general sales start on Aug 16.
Read more »
First two new Bukit Panjang LRT train cars enter passenger service on Aug 1Passengers can expect an upgraded air-conditioning system with improved cooling abilities, LTA said.
Read more »
Members of Thailand’s disbanded Move Forward Party vow to battle old guard for powerThey pledged to form a new party, which is set to be unveiled on Aug 9.
Read more »
Hedge funds make massive retreat from short yen positions, UBS saysHONG KONG : Global hedge funds made a massive retreat from their bearish bets on the Japanese yen during the currency's strong rise against the U.S. dollar over the last two weeks, a UBS note to clients seen by Reuters on Tuesday said.
Read more »
Omega and Swatch’s MoonSwatch line-up gets new Super Blue MoonphaseThe new addition to the MoonSwatch collection is a limited edition available only from Aug 1 to Aug 19.
Read more »
NDP 2024 celebrations continue in heartland on Aug 10National Day festivities will continue the day after Aug 9 in five heartland areas, with live performances, fireworks and static displays. This year’s celebrations, organised by the People’s Association, in partnership with the National Day Parade (NDP) executive...
Read more »