Michael Burry Says Funds Are Leaving Hong Kong for Japan and South Korea as Chip Stocks Dominate

Hedge fund manager Michael Burry, the real-life inspiration for the lead character in the film “The Big Short,” said some capital is flowing out of the Hong Kong market and into Japan and South Korea as market attention shifts fully to the chip sector, according to Ming Pao. The comments came as Hong Kong stocks remained weak, the report said.