Investor participation in the Hong Kong-Shanghai Stock Connect continued to wane on the third day of the program as foreign investors used just 20% of the US$2.1 billion daily quota for purchases of Shanghai-listed stocks Wednesday, down from 37% Tuesday and the complete exhaustion of the quota on Monday, when the linkup launched, The Wall Street Journal reported. Southbound investment dropped as well, with slightly more than 2% of the US$1.7 billion daily quota of Hong Kong stocks available to mainland investors used Wednesday, down from 7% Tuesday and 17% on Monday.
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