STOCKS | Southbound Funds Record Net Sell-off of 2.188 Billion Yuan

Southbound funds experienced a net sell-off of 2.188 billion yuan today. According to Jin10, in the Hong Kong Stock Connect (Shanghai), Xiaomi Group-W and Alibaba-W saw net sell-offs of 1.041 billion Hong Kong dollars and 194 million Hong Kong dollars, respectively. Tencent Holdings led in net buying with an amount of 1.018 billion Hong Kong dollars. In the Hong Kong Stock Connect (Shenzhen), Semiconductor Manufacturing International Corporation (SMIC) and BYD Company Limited recorded net sell-offs of 585 million Hong Kong dollars and 520 million Hong Kong dollars, respectively. Tencent Holdings again topped the net buying list with 1.244 billion Hong Kong dollars.