Feb 5, 2023
China Traders Sell Most HK Stocks in 17 Months Amid Pullback
(Bloomberg) -- The world-beating rally in Hong Kong stocks is running out of steam, prompting mainland China traders to head for exits. They net sold HK$17.5 billion ($2.2 billion) worth of shares last week via southbound trading links, the most since August 2021, according to Bloomberg-compiled data. The Hang Seng China Enterprises Index, which tracks Chinese stocks trading in the city, fell 5% last week, snapping a six-week winning streak, as traders awaited fresh catalysts after a stellar rally since November driven by China’s reopening.
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