Bridgewateer Associats sells a stake in large Chinese companies star-news.press/wp

The Bridgewateer Associats giant has declined from Chinese stocks listed in the United States in the second quarter, indicating a clear decline in the market amid increasing geopolitical strains and weakening investor confidence in the economic prospects of China.

Calculate The last quarterly update To the US Securities and Stock Exchange Committee – known as 13F – on Wednesday, Close the box shares In many Chinese companies, including major names such as Bidoand Ali Babaand JD.comand Pdd holdingsand Newand Trip.com GroupAnd China Day. Other names include QIFU and Ke Holdings.

The hedge box also reduced its share in appleBut it increased Microsoft and Nafidia Property.

China Paul Ray Dalio, who founded the Associated Bridge, had previously defended his investments in China. Last April, Dalio reported Beijing’s struggle with the United States and depression between the main challenges suffering from the Chinese economy, but indicated that the problems “can be controlled by Chinese leaders if they do well.”

In April this year, the investor called the billionaire to a Re -balance in relations between the United States of ChinaOn the pretext that commercial imbalances have eclipsed us in manufacturing. Both sides also urged an agreement to “significant discounts in these differences.”

As of the beginning of August, Dalio sold his remaining share in Bridgewateer and moved away from the council, but he is still a guide for the investment team in the hedge fund.

The developments come as the truce of the customs tariff between Washington and Beijing was extended for another 90 days on Monday. Without stopping, American definitions were set on Chinese goods to 145 %, while Chinese duties were identified by 125 %. The current tax on Chinese imports of the United States is 30 %, while US exports to China will bear a 10 % tariff.

Bridgeter did not respond to a request for comment.