Chinese Investors Plow Another $2.9 Billion in Hong Kong Stocks
- Tuesday’s inflow was biggest daily purchase since early 2021
- Strong inflows reduce premium between onshore and HK stocks
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Chinese mainland investors bought HK$22.4 billion ($2.88 billion) worth of Hong Kong stocks on Tuesday, as they continued to drive a DeepSeek-spurred tech rally in the city.
The inflow was the biggest daily purchase since early 2021 and the fourth largest on record, according to Bloomberg-compiled data going back to late 2016, when trading links with the financial hub began. Southbound investors bought another HK$5.5 billion on Wednesday morning, helping the Hang Seng Tech Index erase early losses of as much as 2.3%.