China ADR short sellers likely lost nearly $7b amid stimulus-stoked rally

China ADR short sellers likely lost nearly $7b amid stimulus-stoked rally

FILE PHOTO: A man walks past Alibaba Group's logo at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

Investors betting against US-listed shares of Chinese companies likely incurred steep losses during the last two weeks of September, as optimism around wide ranging economic stimulus measures sparked a sharp rally, according to data from S3 Partners.