Chinese Investors Dump $2 Billion Hong Kong Stocks in Rare Move
An electronic sign showing the Heng Seng Index in Hong Kong, on April 22.
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Chinese investors sold a near-record amount of Hong Kong stocks on Wednesday, reducing holdings after hopes of easing in trade tension spurred a relief rally.
They offloaded shares worth HK$18.1 billion ($2.3 billion) on a net basis, the biggest outflow since a record set in February 2021, according to Bloomberg-compiled data. Despite the selling pressure, the Hang Seng China Enterprises Index gained 2.1%.