Finboldยท2024-10-02 11:14Market Overview - The Chinese stock market is experiencing a renaissance in late September and early October, with indices rising between 4.2% and 22% on September 30, one of the market's best days on record [2] - Government measures, including a $114 billion boost for equity markets and lowered interest rates, have driven this rally [2] Michael Burry's Investments - Michael Burry has made significant long positions in high-profile Chinese stocks, notably JD.com, which rose 65.76% from the latest 13-f filing to October 1, closing at $42.93 [1] - JD.com shares increased in value from $6.4 million at the end of Q2 to approximately $10.7 million, reflecting an 80.90% rally from the filing date of August 14 to the press time price of $45.85 [1] - Other major holdings of Burry, such as Alibaba, have also seen substantial gains, with a 43.17% increase in the last 30 days, raising its value from $11 million to nearly $17.5 million [3] - Baidu, another of Burry's significant holdings, increased by 37.81% in the last 30 days, contributing a $2 million rise in the portfolio's value [5] Investor Sentiment - American traders, including notable investors like David Tepper, are actively seeking exposure to the Chinese market due to recent stimuli [2] - Burry's recent acquisition of 634,000 shares in BioAtla has also shown immediate success, indicating a broader strategy of capitalizing on emerging opportunities [10]