Chinese Stocks Draw Record $3 Billion Influx by Global Funds
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Sentiment has clearly turned for the better toward Chinese equities with overseas investors purchasing a record amount of onshore shares Friday.
Traders added 22.4 billion yuan ($3.1 billion) of mainland stocks on a net basis using the links with Hong Kong, topping the previous high of 21.7 billion yuan in mid-2021. Chinese shares are set to see a third straight month of inflows in April, suggesting the exodus from the market has likely passed.