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Monday, October 2, 2023

Global Funds Slash China Stock Positioning to Lowest Since 2020

  • MSCI China slides Tuesday as Hong Kong opens after holiday
  • Foreign net outflows from China markets continued in September

 Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said.

Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to investor redemption and funds rebalancing their active positions, strategists including Gilbert Wong wrote in their quantitative analysis. The outflows surpassed the $3 billion level for a second consecutive month.

https://www.bloomberg.com/news/articles/2023-10-03/global-funds-slash-china-stock-positioning-to-lowest-since-2020

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