Risk sentiment: hedge funds leave US tech while Asia rallies
Goldman data shows hedge funds selling US tech at the fastest pace in over a decade, while Korean and Chinese equities bounce. Goldman's BOE calls are also in the news.
What we know
An account on X reports the tech selling, led by semiconductors. In Asia, another account on X reports KOSPI up 2% and another account on X reports STAR 50 up over 3%, while Singapore hit its lowest since July 7. Goldman's BOE forecasts appear in two conflicting posts, one saying rates hold at 4.25% and one saying a 25bp hike in February 2027.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.