Foreign investors accelerate selling of China equities in May, as net US$7.8 billion exits via stock connect

//Foreign investors accelerate selling of China equities in May, as net US$7.8 billion exits via stock connect

Foreign investors accelerate selling of China equities in May, as net US$7.8 billion exits via stock connect

Foreign investors accelerated their exit from mainland equities during May, reflecting the largest single month of selling through exchange links since December 2016, amid growing pessimism towards equities as trade tensions between China and the US continue to escalate.A total of 53.7 billion yuan (US$7.78 billion) worth of Chinese equities were sold in May, almost three times the outflow in April, according to Bloomberg data. This marks the greatest monthly outflow by overseas investors since…

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By | 2019-05-31T12:00:20+00:00 May 31st, 2019|Business|Comments Off on Foreign investors accelerate selling of China equities in May, as net US$7.8 billion exits via stock connect