Chinese investors dump $2 billion Hong Kong stocks on Wednesday, signaling a tariff war end
Chinese investors dump $2 billion Hong Kong stocks on Wednesday, signaling a tariff war end
Chinese investors pulled back from Hong Kong equities on Wednesday, selling a near-record $2.3 billion worth of shares. The stock dump follows reports coming from the West that China and the US could start negotiating trade policies and reducing tariffs.
Data compiled by Bloomberg shows a net outflow of HK$18.1 billion ($2.3 billion) from Hong Kong stocks through the southbound Stock Connect program, the second-largest single-day selloff on record, trailing only withdrawals seen in February 2021.
