Investors’ patience is wearing thin after four consecutive months of Hong Kong stocks’ underperformance to onshore peers. Flows are increasingly shifting to mainland-listed semiconductors and other AI-linked shares viewed as more immediate beneficiaries of rapid growth, a trend underscored by Goldman Sachs Group Inc’s Wednesday downgrade of H shares.
(June 3): Chinese investors are exiting Hong Kong-listed stocks in record numbers, highlighting waning appetite as mainland artificial intelligence (AI) shares broaden their appeal.
Mainland-listed exchange-traded funds focused on Hong Kong equities saw 25 billion yuan (US$3.7 billion or $4.7 billion) in outflows last week, according to Bloomberg-compiled data. That’s the largest weekly total on record, marking a sharp reversal from last year’s steady inflows.
