NVDA
NVIDIA
-- 149.430 TSLA
Tesla
-- 411.050 FUBO
FuboTV
-- 5.060 PLTR
Palantir
-- 75.920 AMD
Advanced Micro Devices
-- 129.550 
Net foreign inflows to China's stock market tumbled 77% dumped $25 billion worth shares
The article reported that more than three-fourths of offshore investment in Chinese stocks has been withdrawn this year, with foreign net purchases nearing their smallest annual amount since 2015, the Financial Times reported.
This may explain why Chinese EV stocks like Nio, Xpeng and Li Auto are on the downtrend from a year ago.
Quote:
The capital flight has been rapid as well. From an early-August high of 235 billion yuan ($32.6 billion), net foreign inflows to China's stock market have tumbled 77%, representing more then $25 billion in shares, according to the FT's analysis of data from Hong Kong's Stock Connect.
Despite Beijing's myriad efforts to shore up global confidence in its economy, its actions have proven insufficient to many investors. China's property sector has continued to notch new defaults, while exports, manufacturing, and consumption have been lackluster.
Quote:
The capital flight has been rapid as well. From an early-August high of 235 billion yuan ($32.6 billion), net foreign inflows to China's stock market have tumbled 77%, representing more then $25 billion in shares, according to the FT's analysis of data from Hong Kong's Stock Connect.
Despite Beijing's myriad efforts to shore up global confidence in its economy, its actions have proven insufficient to many investors. China's property sector has continued to notch new defaults, while exports, manufacturing, and consumption have been lackluster.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
mrittika1971 : Because there are tons of risks investing in Chinese/Hong Kong stock market, investment can be swallowed by overnight by Chinese/Hong Kong scammers, I have lost almost $65k overnight by Chinese/Hong Kong scammers…
ZnWC OP mrittika1971 : There's risk in all stocks market not only China/Hong Kong. Sorry to hear about the scamming experience. To be fair, scam can occur anywhere. We need to be vigilant about scam at all times which prey on our greed.
mrittika1971 ZnWC OP : You’re right, but I never experienced any US stocks go down from 4.4 to .10 overnight
ZnWC OP mrittika1971 : Indeed transparency is an issue in Chinese companies. US-China tension is another risk need to consider when investing in Chinese stocks.