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Foreigners Flee China Stocks at Record Pace as Rout Worsens

  • Hang Seng China Gauge falls by most since 2008 on Monday
  • Foreigners sold a net 17.9 billion yuan on Monday, a record
Bloomberg business news
China’s Market Weakness May Continue: BofA’s Wu

Foreign investors are on track to turn sellers of Chinese equities for the first time ever for the year, as concerns about a lack of supportive policies from the Party congress and a renewed Covid Zero push spook markets. 

Overseas investors sold a record net 17.9 billion yuan ($2.5 billion) of mainland shares via trading links with Hong Kong on Monday, according to Bloomberg data, tipping the year-to-date level into a small net outflow. If that holds through year end, it would be the first annual decline since the stock connect program was launched in 2014.