Chinese stocks are looking like hedge fund darlings again as professional traders pile into beaten-down shares on the back of optimism that the world's second-largest economy will successfully reopen. Since the start of November, hedge funds have been consistent net buyers of China equities for eight of the past 10 weeks, according to data from Morgan Stanley. The buying has been so dramatic that the recently acquired positions amount to 70% of what was sold in the first 10 months of 2022, the data showed. After witnessing the massive rebound from the pandemic low in U.S. stocks, hedge funds are...