Overseas investors have resumed selling China onshore equities in the new year as pessimism over the country’s sluggish economic recovery deepens.
Global funds offloaded 7.9 billion yuan ($1.1 billion) of stocks in the first two weeks of 2024, after making large purchases in the final week of last year, according to Bloomberg-compiled data. Sentiment remained downbeat as deflationary pressures persist, while policy support has been underwhelming.
Chinese equities saw their worst start to a year since 2019 and are trading near their lowest level in nearly five years. The selling came after foreigners recorded their smallest-ever annual purchases of onshore stocks in 2023, putting January on track for a sixth straight month of outflows.
Written by: Bloomberg News — With assistance from John Liu and Lin Zhu @Bloomberg
The post “Foreigners Sell China Stocks in 2024 as Economic Woes Worsen” first appeared on Bloomberg
 BullsNBears.com was founded to educate investors about the eight secular bear markets which have occurred in the US since 1802. The site publishes bear market investing recommendations, strategies and articles by its analysts and unaffiliated third-party and qualified expert contributors.
No Solicitation or Investment Advice:Â The material contained in this article or report is for informational purposes only and is not a solicitation for any action to be taken based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material accessible through this article or report does not constitute a representation that the investments or the investable markets described herein are suitable or appropriate for any person or entity.