Mainland Traders Sell a Record $3.5 Billion of Hong Kong Stocks

Mainland Chinese investors sold the most Hong Kong stocks in a single session on record, underscoring waning appetite for the city’s shares seen as more vulnerable to geopolitical uncertainty.

Onshore traders offloaded HK$27.7 billion ($3.5 billion) worth of shares through the trading link between the mainland and Hong Kong Thursday, according to data compiled by Bloomberg. The selling weighed on the city’s equity benchmarks, with the Hang Seng Tech Index erasing a gain of 1.8% to fall 0.7%.