The Big Short Is Back in Chinese Stocks
- Short interest in CSOP FTSE China A50 ETF is highest in a year
- Yuan is heading for its biggest monthly drop since August
China's Big Short: Bearish Bets Mount as Yuan Weakens
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Chinese equities are once again in the cross hairs of short sellers.
Short interest in one of the largest Hong Kong exchange-traded funds tracking domestic Chinese stocks has surged fivefold this month to its highest level in a year, according to data compiled by Markit and Bloomberg. The last time bearish bets were so elevated, such pessimism proved well-founded as China’s bull market turned into a $5 trillion rout.