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在线翻译:
szdaily -> Business/Markets -> 
Overseas investors dump most stocks on record
    2019-03-27  08:53    Shenzhen Daily

OVERSEAS investors dumped the most Chinese shares on record via stock trading connects as they steered away from risk and the country’s benchmark index fell below a key level.

Overseas investors net sold 10.8 billion yuan (US$1.6 billion) of mainland shares Monday, the biggest single-day sale since the second exchange link with Hong Kong opened in December 2016, according to data compiled by Bloomberg. The Shanghai Composite Index joined a global rout on growth concerns, sliding 2 percent to close below the 3,100-point level it has been trying to overcome this month. The benchmark index dropped further by 1.5 percent to close at 2997.1 yesterday.

“Investors tend to be more risk-averse after recent data showed signs of economic slowdowns in major economies,” said Ben Kwong, a Hong Kong-based executive director with KGI Asia Ltd.

“They’d sell high-risk assets such as mainland equities. Some investors would lock in profits after such a big rally to avoid uncertainties.”

Even after the recent losses, the Shanghai Composite Index is still up 21 percent this year, the best performing major index worldwide.

Foreign investors have had a history of successfully timing exits.

The last two times they dumped a similar amount of mainland shares via the exchange links, the Shanghai gauge dropped at least 7 percent over the following days.(SD-Agencies)

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