Aug
09
Foreign Investors Keep Buying Chinese Stocks as Markets Go Wild
By-
Foreigners shrug off worries about economy, yuan and trade war
- Buying remains robust from institutional funds: Uob Kay Hian
Slumping stocks and market volatility aren’t holding back foreign investors from snapping up Chinese shares.
Foreign investors bought net 20 billion yuan ($2.9 billion) mainland shares through Hong Kong links from July 25 through Wednesday, according to data compiled by Bloomberg. In that time the Shanghai Composite Index tumbled to a two and a half-year low before enjoying its best day in two years, whipsawing between gains and losses to send its volatility higher. The daily quota usage on Thursday reached the highest since early June, when A-shares had recently been included in MSCI Inc.’s benchmark gauges…
Foreign Investors Keep Buying Chinese Stocks as Markets Go Wild
