China Traders Love Sinking Hong Kong Stocks as Protests Rage
- Mainland investors have bought city’s equities for four weeks
- Now is a good time for value purchases, Huatai PineBridge says
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Hong Kong’s tumbling equity market may find that its biggest fans are right across the border.
The city’s increasingly violent protests and slowing economy aren’t scaring dip buyers on the mainland. Onshore-based investors have purchased a net $5.1 billion of Hong Kong stocks in the last 20 sessions, the longest run of inflows since February 2018, according to data compiled by Bloomberg. They bought the most in nearly 10 months on Thursday.