UPDATE 2-Peugeot shares climb on hedge fund buying

Newswire

(Adds more analyst comments,, background) By Emelia Sithole and Elizabeth Pineau PARIS/WUHAN, China, Oct 27 (Reuters) - Shares in French carmaker PSA Peugeot Citroen rose on Friday as hedge funds covered short positions following a profit warning from the company which was not as bad as expected. Peugeot jumped 3.6 percent to 45.4 euros by 1039 GMT, making it the biggest gainer in Paris's benchmark CAC 40 index and outperforming a flat DJ Stoxx auto index . "The market was widely ...

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