Caixin
Nov 07, 2023 04:48 PM
FINANCE

Global Funds Tiptoe Back Into Chinese Stocks as Market Rebounds

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Video projections reflect off a window in the lobby of the Euronext NV stock exchange in Paris on Aug. 1. Photo: Bloomberg
Video projections reflect off a window in the lobby of the Euronext NV stock exchange in Paris on Aug. 1. Photo: Bloomberg

(Bloomberg) — Foreign investors are dipping their toes back into onshore Chinese stocks after a record bout of selling, a sign that the battered market may be forming a bottom. Overseas funds added a total of 15 billion yuan ($2.1 billion) over three sessions, the longest run of net purchases since early August. The CSI 300 benchmark has gained 4.6% from last month’s low.

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