Esgl Holdings Limited shares fall 3.33% premarket as hedge funds report double-digit returns in Chinese equities.

Esgl Holdings Limited dropped 3.33% in premarket trading. The decline comes as hedge funds focused on Chinese equities posted double-digit returns in the first half of the year, outperforming global peers. This was fueled by a rebound in Hong Kong stocks and bets on artificial intelligence and 'new consumption' firms. Some fund managers noted their more agile use of hedging tools helped cushion losses during the market turmoil in April, triggered by U.S. President Donald Trump's announcement of 'reciprocal tariffs' on all trading partners. The Greater China Equities Hedge Fund Index tracked by With Intelligence delivered a 15% gain in the first half, topping the hedge fund data platform's regional.