S5/10Economic

How sell-off at flashy AI-focused US hedge fund is a wake-up call for Chinese investors

Chinese tech investors are hearing warning bells after volatility in US tech stocks forced a fast-rising Wall Street hedge fund to clear its stock portfolio at a steep discount within a few days. “Don’t use leverage! Don’t use leverage! Don’t use leverage!” Shanghai-based public-markets analyst Harry Shen repeated to the South China Morning Post in an interview on Friday. Another warning came from Shanghai-based mainland Chinese stock market veteran Michael Zhang: “Don’t trade with borrowed...

31 Jul 2026, 14:30 UTCSource: South China Morning PostOriginal source

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