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,

Mainland China's CSI 300 index jumped 2.34% by midday Singapore time, marking one of the strongest gains in the region.

The Nasdaq Composite picked up after the soft inflation report eased concerns about a looming recession and as investors snapped up technology shares.

Asia-Pacific markets surged on Friday as U.S. futures rebounded following an overnight slump on Wall Street due to President Trump's threat of more tariffs. Read more details here.