https://img.etimg.com/thumb/msid-123800594,width-1070,height-580,overlay-etmarkets/slideshow.jpg
Hedge fund leverage, a measure of trading activity, declined across all regions in early September, suggesting caution ahead of the anticipated U.S. rate cuts. Trading flows also decreased, according to JPMorgan. Hedge funds sold stocks in most regions, except for China and, to a lesser extent, Taiwan, India, and South Korea.