By Nell Mackenzie

LONDON (Reuters) -Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff woes resurfaced, Goldman Sachs said in two notes.

Hedge funds held more short than long positions in U.S. stocks for the first time in seven weeks, one of the notes from Goldman Sachs’ research desk said.

A long position expects stock prices to rise, whereas a short bet wagers they will fall.

These funds were predominantly betting, and possibly hedging, against declines in large indices, while maintaining long positions in individual company stocks, the note added.

U.S. stocks on Friday saw the worst one-day selloff since April as investors digested renewed U.S.-China trade tensions and the

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