Southbound Funds Record Net Sell-off of 4.092 Billion Yuan

Southbound funds experienced a net sell-off of 4.092 billion yuan today. According to Jin10, within the Shanghai-Hong Kong Stock Connect, Tracker Fund of Hong Kong and Yangtze Optical Fibre and Cable Joint Stock Limited Company saw net sell-offs of 837 million HKD and 267 million HKD, respectively. Meanwhile, Semiconductor Manufacturing International Corporation (SMIC) led net purchases with 1.015 billion HKD. In the Shenzhen-Hong Kong Stock Connect, Tracker Fund of Hong Kong and Tencent Holdings recorded net sell-offs of 2.371 billion HKD and 1.276 billion HKD, respectively, with SMIC again leading net purchases at 39 million HKD.