Foreigners turn net sellers of China stocks

HONG KONG: Foreign investors turned net sellers of Shanghai-traded stocks through the Hong Kong link today for the first time since the programme began last month after the benchmark China gauge rose to a five-year high yesterday. Investors sold a net 630 million yuan (RM357 million) of Shanghai stocks, raising the daily purchase limit to 13.6 billion yuan from 13 billion yuan. Trading in Hong Kong-listed shares through the link was closed yesterday and will reopen on January 5, according to the Shanghai stock exchange. Bloomberg

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