Foreign Capital Exodus from Chinese Stocks Continues in October

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 53 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

Finance News

Chinese Stocks,Foreign Capital Exodus,Overseas Funds

Overseas funds offloaded 44.8 billion yuan ($6.1 billion) worth of mainland shares in October, marking another month of foreign capital exodus from Chinese stocks. The three-month selling streak threatens to turn this year's flow into negative territory, which would be the first annual outflow since 2016.

-- Chinese stocks saw another month of foreign capital exodus as overseas funds offloaded 44.8 billion yuan worth of mainland shares in October. The month saw only three days of inflows even as authorities ramped up support, with the sovereign fund buying banking stocks and exchange-traded funds.The three-month selling streak, a record, amounts to 172 billion yuan and threatens to turn this year’s flow into negative territory.

Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today. In the restaurant industry, stability is critical.So when David Ferguson noticed an unexpected $200 charge on his credit card bill from the tech company he uses to help manage his business, he figured it was an accounting mistake.Ferguson is the chef and owner at Gus, a small restaurant in Montreal's Petite-Patrie neighbourhood.He started using Lightspeed, a publicly traded Canadian point-of-sale supplier, about four years ago.

Warren Buffett's idea to borrow money in Japan at rock-bottom interest rates and invest it in high-yielding stocks was inspired, Charlie Munger says."Unless there are significant declines in interest rates, we believe that credit losses will inevitably rise, perhaps significantly in 2025 and beyond."TSX energy stocks such as Suncor Energy should be part of your equity portfolio if you are bullish on oil prices in 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines