Chinese Investors Dump Record Amount of US Stocks and Bonds
- Treasuries account for over half of China’s selling in May
- Selling might have been driven by risk reduction: Global X
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Chinese investors sold a record amount of US stocks and bonds in May as diplomatic tensions remained elevated between the world’s largest economies.
Funds in the Asian nation offloaded a net $42.6 billion worth of long-term securities consisting of Treasury, agency, corporate and other bonds as well as equities, according to the latest data from the US Department of the Treasury released Thursday. Sales in the first five months of this year totaled $79.7 billion, an all-time high for the January-May period.