Asia hedge funds weathered the March selloff in markets better than their U.S. counterparts, helped by the relative outperformance of Chinese stocks as global investors rushed into that market.

After dumping bets in the US and Europe last week, hedge funds in Asia moved to unwind their wagers earlier this week, Goldman Sachs said in a note to clients. The region saw the largest decline in hedge fund positions in four years on Monday,

Asian markets have shrugged off another decline on Wall Street, with markets in China advancing after banks and other financial institutions were ordered to do more to help spur more consumer spending

Asian markets rebounded on Friday, especially in China, where financial institutions were directed to boost consumer spending. Hong Kong's index rose