Overseas investors have been selling Chinese stocks for eight consecutive days, marking the longest streak since October. During this period, they offloaded a total of 30 billion yuan ($4.1 billion) on a net basis via the northbound link between Hong Kong and mainland stock exchanges. Kweichow Moutai, a prominent stock, experienced significant selling, with the percentage of its shares held by overseas funds dropping to 6.75%, the lowest since January. The decline in demand for high-end liquor likely contributed to this trend. If the withdrawals continue, June could see the first month of net outflow in five months.
Overseas Investors have sold Chinese Stocks for 8 consecutive days, the longest streak since October pic.twitter.com/FcEIAcmJM3
— Barchart (@Barchart) June 20, 2024