HEDGE FLOW-Hedge funds add bearish bets in Japan's stocks at fastest pace in over 5 years, Goldman Sachs says-August 2024-www.financetom.com

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HEDGE FLOW-Hedge funds add bearish bets in Japan's stocks at fastest pace in over 5 years, Goldman Sachs says

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HEDGE FLOW-Hedge funds add bearish bets in Japan's stocks at fastest pace in over 5 years, Goldman Sachs says

Aug 9, 2024 1:44 PM

NEW YORK, Aug 9 (Reuters) - Hedge funds added bearish

bets in Japanese stocks at the fastest pace in over five years

for a week between Aug. 2 and Aug. 8, as the Nikkei

faced on Aug. 5 the worst day for the index since Black Monday

in 1987, Goldman Sachs ( GS ) said in a note on Friday.

The bank said hedge funds added 1.7 shorts, or bets stocks

will fall, for each long position for the week between Aug. 2

and Aug. 8.

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