Global investors shun Chinese stocks despite better data

Analyst says confidence at lowest point since Asian financial crisis

The Shanghai Stock Exchange. Global investors are still keeping their distance from the Chinese market, selling a net 80.1 billion yuan ($10.97 billion) of Chinese A-shares between July and September, despite improving economic data. © Getty Images

ECHO WONG, Nikkei staff writer

October 8, 2023 19:30 JST

HONG KONG -- Global investors remain skittish about Chinese stocks despite signs of economic improvement as concerns about government policies and the distressed property market dampen sentiment, analysts say.

Foreign investors sold a net 80.1 billion yuan ($10.97 billion) of Chinese A-shares from July to September, and the Hang Seng Index is still below the January high reached after the relaxation of COVID-19 restrictions.