<p>高盛指出，上週亞洲是淨賣出最多的地區</p>
<p>對沖基金在恒生指數和日經指數下跌之前拋售了科技股</p>
<p>中國股票在過去五週中有四周被淨賣出，高盛指出</p>
<p>作者：內爾·麥肯齊</p>
<p>倫敦，12 月 15 日（路透社）- 高盛在一份報告中表示，對沖基金上週拋售了香港和日本股票，恰在科技股重的恒生指數和日經指數在過去兩個交易日因對科技估值過高的擔憂而下跌之前。</p>
<p>日本藍籌股日經指數（.N225）週一下跌超過 1%，科技股跟隨華爾街同行下滑，因對估值過高的持續擔憂，以及預計日本央行將在本週晚些時候加息。</p>
<p>中國（.CSI300）和香港（.HSI）股票也因一系列疲軟的經濟數據和房地產開發商萬科的違約風險上升而下滑，影響了市場情緒。</p>
<p>根據高盛在 12 月 12 日發給客户的報告數據，對沖基金似乎預見到了這些走勢，路透社週一獲得了該報告。</p>
<p>上週，亞洲無疑是淨賣出最多的地區，報告指出，新興市場和發達市場的股票被賣出多於買入。</p>
<p>高盛的報告稱，對沖基金拋售了香港的多頭頭寸，並在日本增加了空頭押注。</p>
<p>多頭頭寸預期資產價值會上升，而空頭頭寸則押注其會下跌。</p>
<p>在週五下午的拋售之前，賣出主要集中在科技和消費類股票上，投資者因對人工智能泡沫的擔憂而將資金從科技轉向其他行業。</p>
<p>費城半導體指數（.SOX）週五下跌超過 5%。</p>
<h3>日本利率押注</h3>
<p>高盛表示，日本的一些股票受益於科技股的撤離，對沖基金淨買入了工業、金融和材料公司的股票。</p>
<p>日本銀行股（.IBNKS.T）在週五上漲 2%，因預計日本央行將在週五加息。這種押注在週一得到了強化，因為央行的季度 Tankan 調查顯示大型製造商的信心升至四年來的最高點。更高的利率提高了貸款和投資的回報。</p>
<p>此外，對沖基金繼續拋售中國股票，過去五週中有四周被淨賣出，印度股票的賣出程度較輕，銀行表示。</p>
<p>投機者集中在工業和材料等股票行業。</p>

高盛

<p>高盛報告稱，對沖基金上週在日本和香港出售了科技股，預計恒生指數和日經指數將下跌。亞洲是淨賣出最多的地區，重點關注科技和消費類股票。對沖基金在日本轉向空頭頭寸，並繼續出售中國股票。日本銀行股在日本央行可能加息前上漲。由於對人工智能泡沫的擔憂，費城證券交易所半導體指數下跌超過 5%</p>

<p>Goldman Sachs notes Asia was most net sold region last week</p>
<div class="lb-trans"><p>高盛指出，上週亞洲是淨賣出最多的地區</p>
</div><p>Hedge funds sold tech stocks before Hang Seng, Nikkei indices fell</p>
<div class="lb-trans"><p>對沖基金在恒生指數和日經指數下跌之前拋售了科技股</p>
</div><p>Chinese equities net sold for four of last five weeks, Goldman Sachs notes</p>
<div class="lb-trans"><p>中國股票在過去五週中有四周被淨賣出，高盛指出</p>
</div><p>By Nell Mackenzie</p>
<div class="lb-trans"><p>作者：內爾·麥肯齊</p>
</div><p>LONDON, Dec 15 (Reuters) - Hedge funds sold Hong Kong and Japanese stocks last week, Goldman Sachs said in a note, just before the tech-heavy Hang Seng and Nikkei indices fell in the last two trading sessions on worries over over-inflated tech values.</p>
<div class="lb-trans"><p>倫敦，12 月 15 日（路透社）- 高盛在一份報告中表示，對沖基金上週拋售了香港和日本股票，恰在科技股重的恒生指數和日經指數在過去兩個交易日因對科技估值過高的擔憂而下跌之前。</p>
</div><p>Japan’s blue-chip Nikkei (.N225) share average dropped more than 1% on Monday as tech stocks tracked their Wall Street peers lower on lingering worries over stretched valuations and ahead of an expected Bank of Japan rate rise later this week.</p>
<div class="lb-trans"><p>日本藍籌股日經指數（.N225）週一下跌超過 1%，科技股跟隨華爾街同行下滑，因對估值過高的持續擔憂，以及預計日本央行將在本週晚些時候加息。</p>
</div><p>China (.CSI300) and Hong Kong (.HSI) stocks also slipped as a slew of lacklustre economic data and mounting default risks by property developer Vanke weighed on market sentiment.</p>
<div class="lb-trans"><p>中國（.CSI300）和香港（.HSI）股票也因一系列疲軟的經濟數據和房地產開發商萬科的違約風險上升而下滑，影響了市場情緒。</p>
</div><p>Hedge funds appeared to have anticipated the moves, according to data from a Goldman Sachs note to clients dated December 12 and seen by Reuters on Monday.</p>
<div class="lb-trans"><p>根據高盛在 12 月 12 日發給客户的報告數據，對沖基金似乎預見到了這些走勢，路透社週一獲得了該報告。</p>
</div><p>Asia was by far the most net sold region last week, with both emerging and developed market stocks more sold than bought, the note said.</p>
<div class="lb-trans"><p>上週，亞洲無疑是淨賣出最多的地區，報告指出，新興市場和發達市場的股票被賣出多於買入。</p>
</div><p>Hedge funds dumped long positions in Hong Kong and added short bets in Japan, said Goldman’s note.</p>
<div class="lb-trans"><p>高盛的報告稱，對沖基金拋售了香港的多頭頭寸，並在日本增加了空頭押注。</p>
</div><p>A long position expects an asset value to rise, whereas a short position wagers it will fall.</p>
<div class="lb-trans"><p>多頭頭寸預期資產價值會上升，而空頭頭寸則押注其會下跌。</p>
</div><p>Selling focused on technology and consumer stocks just before Friday afternoon’s selloff with investors leaving technology for other sectors amid concerns about an AI bubble.</p>
<div class="lb-trans"><p>在週五下午的拋售之前，賣出主要集中在科技和消費類股票上，投資者因對人工智能泡沫的擔憂而將資金從科技轉向其他行業。</p>
</div><p>The Philadelphia SE semiconductor index (.SOX) dropped more than 5% on Friday.</p>
<div class="lb-trans"><p>費城半導體指數（.SOX）週五下跌超過 5%。</p>
</div><h3>JAPAN RATE BETS</h3>
<div class="lb-trans"><h3>日本利率押注</h3>
</div><p>Some stocks in Japan benefited from the exodus from tech shares and hedge funds net bought industrial, financial and materials company equities, said Goldman Sachs.</p>
<div class="lb-trans"><p>高盛表示，日本的一些股票受益於科技股的撤離，對沖基金淨買入了工業、金融和材料公司的股票。</p>
</div><p>Japanese banking shares (.IBNKS.T) climbed 2% on Friday ahead of an expected rate increase by the Bank of Japan on Friday. Such bets were reinforced on Monday by the central bank’s quarterly Tankan survey, which showed sentiment among big manufacturers rose to a four-year high. Higher interest rates boost returns from lending and investing.</p>
<div class="lb-trans"><p>日本銀行股（.IBNKS.T）在週五上漲 2%，因預計日本央行將在週五加息。這種押注在週一得到了強化，因為央行的季度 Tankan 調查顯示大型製造商的信心升至四年來的最高點。更高的利率提高了貸款和投資的回報。</p>
</div><p>Elsewhere, hedge funds continued to sell Chinese equities, which had been net sold in four of the last five weeks and to a lesser extent stocks in India, said the bank.</p>
<div class="lb-trans"><p>此外，對沖基金繼續拋售中國股票，過去五週中有四周被淨賣出，印度股票的賣出程度較輕，銀行表示。</p>
</div><p>The speculators focused on stock sectors such as industrials and materials.</p>
<div class="lb-trans"><p>投機者集中在工業和材料等股票行業。</p>
</div>

對沖流動 - 高盛表示，上週對沖基金拋售了日本和香港的科技股