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hedge funds increase short positions against european builders and financial firms

Global hedge funds have continued to short European stocks for the second consecutive week, particularly targeting financial, materials, energy, and industrial sectors, according to Goldman Sachs data. Notably, Germany, Italy, the Netherlands, Denmark, and the UK saw the most net selling, with a focus on individual stocks rather than broader indices. Key short positions include asset manager Schroders and home improvement company Kingfisher, with significant bets against energy firm Petrofac as well.
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