[Analysis: Hedge Funds Drastically Sell Tech Stocks, Net Selling Nears 10-Year Record] Odaily Planet Daily reports that, influenced by increased uncertainty surrounding data center construction prospects following the US midterm elections, hedge funds are selling global tech stocks at a near-record pace. The market is reassessing its AI trading logic, and last week tech stocks became the largest net seller globally and in the US, with the net selling ratio roughly matching the highest level recorded by Goldman Sachs since 2016. Positioning data also shows a significant contraction in risk appetite. The total leverage ratio of US fundamental long-short funds fell by 8.7 percentage points to 207.5% in a single week, the largest weekly decline since March 2020; the net leverage ratio fell by 3.7 percentage points to 43.3%, the largest weekly decline since April 2025. (Bloomberg)