- 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.
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