Short Sellers Feast on Hong Kong Stocks as China Investors Brace
- Hang Seng Index has fallen 4.4% this week on trade war concern
- Short-selling turnover is second-highest in two decades
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Hong Kong’s stock market has barely ever been this bearish.
Short-selling turnover soared to almost 18 percent of the total value of shares traded in the city Thursday, exchange data compiled by Bloomberg show. Such dominance has only been once in the past 20 years, in May 2016. The Hang Seng Index fell 0.2 percent Friday to cap its worst weekly rout since early February, when a U.S. volatility spike sent shockwaves across global markets.