Chinese Investors Dump $2 Billion in Hong Kong Stocks
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On Wednesday, Chinese investors sold nearly $2.3 billion worth of Hong Kong stocks, signaling a potential end to the tariff war. The selloff, the second-largest single-day selloff on record, occurred after reports emerged that China and the US might start negotiating trade policies and reducing tariffs. Despite the significant outflow, Hong Kong’s Hang Seng China Enterprises Index rose 2.3% before the Asian market closed. The selloff did not seem to affect the overall attractiveness of Hong Kong stocks to mutual funds. No mention of specific cryptocurrencies or exchanges was made in the news.
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