Year to date, Hong Kong's benchmark Hang Seng Index is down almost 11 percent, and over the past six months, it is down nearly 19 percent. Therefore, it probably is not surprising that short sellers are sinking their teeth into Hong Kong-listed stocks.
Global investors' lack of enthusiasm for Hong Kong stocks is reflected in the iShares MSCI Hong Kong Index Fund (ETF) (NYSE: EWH) and the iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: FXI). FXI, the largest U.S.-listed China ETF, holds stocks that trade in Hong Kong, on mainland China and in New York. EWH and FXI are down 11.6 percent and 14.2 percent, respectively, year-to-date. The MSCI Emerging Markets Index is off 6.9 percent.
Chinese Markets
As Chinese stocks have tumbled in recent ...
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