Bridgewater Associates sells share in major Chinese companies

The Giant Bridgewater Associates hedge fund got rid of the Chinese shares listed in the second quarter, signaling the obvious appeal from the market against the background of geopolitical strains and the weakening of investors’ trust in China’s economic perspectives.

According to him Last quarterly update US Securities and Exchange Commission – Known as 13F – Wednesday, Fund closed the rates In several Chinese companies, including basic names like Bake. Alibaba. Jd.com. PDD Holdings. Nio. Trip.com Groupand Yum China. Other names include Qifu and Ke Holdings technology.

Hedge Found also cut his share in Applebut increased it Microsoft and Nvidia Holding.

Long -standing Chinese Bull Ray Dalio, which founded Bridgewater Associates, previously defended their investment in China. Last April, Dalio labeled a conflict in Beijing with the United States and depressed prices among the key problems of China, but noted that the problems “managed Chinese leaders when they do their job well.”

In April this year, the Millionaire Investor called for Balancing in the US-Kita Relationsarguing this by the fact that the imbalance of trade is allocated in the US production. He also called on both sides to achieve a transaction with a “major reduction in these imbalances”.

As of early August, Dalio sold his remaining share in Bridgewater and departed from the council but remains a teacher of the investment group hedge fund.

Buildings come when the tariff truce between Washington and Beijing was extended for another 90 days on Monday. Without a pause, US tariffs for Chinese goods were to reach up to 145%and Chinese duties were set by 125%. The current Chinese import collection in the US is 30%, while US exports to China will have a 10% tariff.

Bridgewater did not respond to a comment request.