Bloomberg: Foreigners Flee China Stocks at Record Pace as Panic Spreads
(Bloomberg) -- Foreign investors are on track to turn sellers of Chinese equities for the first time ever for the year, as concerns about a lack of supportive policies from the Party congress and a renewed Covid Zero push spook markets.
Overseas investors sold a record net 17.9 billion yuan ($2.5 billion) of mainland shares via trading links with Hong Kong on Monday, according to Bloomberg data, tipping the year-to-date level into a small net outflow.
If that holds through year end, it would be the first annual decline since the stock connect program was launched in 2014.
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WNU Editor: This stock sell-off coupled with foreign companies leaving China is telling me one thing. Globalization as we know it is coming to an end.
Chinese Stocks Suffer On Tuesday Worst Crash In History As Foreigners Flee With Their Investments
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