Hedge funds pile into bearish Japanese stock bets, bank says

From Aug. 2 to Aug. 8, hedge funds aggressively boosted their bearish bets on Japanese stocks following a sharp decline in the Nikkei index. Goldman Sachs reported that net exposure to Japanese equities fell to 4.8%. Globally, hedge funds remained bearish for the fourth week in a row, increasing short positions amid the market turbulence.