Short Sellers Battle Mainland Buyers in Hong Kong's Stock Market
- Onshore investors purchase city’s shares for 21st straight day
- Short-selling volume accounted for 17% of total turnover
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It’s turning into a struggle of wills between bears betting against Hong Kong equities and mainland Chinese investors.
Short selling volume on Hong Kong’s main board climbed to 17% of total turnover this week, the highest proportion since at least 1998, based on a five-day moving average. That’s not deterred mainland investors, who were net buyers of Hong Kong stocks via exchange links for the 21st day on Friday.