Saudi Arabia’s PIF and Michael Burry's Scion Capitalizing on China Stock Rally
Thursday, 16 May 2024, 08:19
Saudi Arabia’s PIF and Michael Burry's Scion Capitalizing on China Stock Rally
Saudi Arabia’s Public Investment Fund and Michael Burry’s Scion Asset Management are taking advantage of the upward trend in Chinese stocks by increasing their investments in Alibaba and JD.com. Singapore’s Temasek, on the other hand, has decreased its holdings in these large caps. This move reflects a growing interest in Chinese companies among prominent investors, signaling positive outlooks for these stocks.
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