Mainland Traders Sell Hong Kong Stocks on Earnings Frustration

Mainland Chinese investors are accelerating their exit from Hong Kong-listed shares, signaling impatience with big technology firms’ inability to translate artificial intelligence spending into earnings growth.

Southbound investors sold HK$7.4 billion ($946 million) worth of stocks traded in the Asian financial hub on Thursday, adding to the HK$4 billion of such sales the previous day and marking the heaviest outflow since a record in late August.