Goldman Sachs liking Chinese equites, citing valuations (bargains) ...Middle East

Reuters cite a note it has seen from Goldman Sachs, bullish on Chinese stockmarkets. Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five yearsMost of the action last week reflected hedge funds entering into outright long positions -- betting stock prices would rise -- rather than exiting short positions. Hedge funds mostly piled into U.S.-listed shares of overseas companies, or ADRs, as a way of buying into Chinese equitiesfollowed by them buying mainland A-shares and Chinese companies listed in Hong Kong, or H-sharesoverall positioning in Chinese equities remains at five-year lows across both hedge funds and mutual fundsMore at that

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