KONE Corp Attracts Attention From China Bears

Andreas Halvorsen opened up a new short in KONE Corporation (HEL:KNEBV), a Finnish escalator maker. Kone Corp is one of the largest cap companies in Finland, with $21 billion in market value. While this may not sound like an interesting short to many, we are betting that this position of Viking is based on a bearish call on China, an area Viking is currently focusing on. KONE Corporation (HEL:KNEBV) has a significant amount of exposure in China, and very recently the company won a contract to furnish the escalators and elevators for China's highest twin towers at Zhengzhou Eastern Center. The buildings are expected to complete construction in 2016,...