Posted 1/15/2024, 1:22:00 AM
Foreign Investors Dump Chinese Stocks Amid Economic Gloom
- Overseas investors resumed selling China stocks in 2024 due to pessimism over sluggish economic recovery
- Funds sold $1.1 billion of stocks in first 2 weeks of 2024 after making large purchases late 2023
- Sentiment remained downbeat amid deflationary pressures and underwhelming policy support
- Chinese equities saw worst start to a year since 2019, trading near 5-year lows
- Selling follows smallest-ever annual foreign purchases of China stocks in 2023