Stock linkup sees foreign investors turn net sellers for the first time

Foreign investors became net sellers of Shanghai-traded “A-shares” for the first time since the Hong Kong-Shanghai Stock Connect began in November, Bloomberg reported, citing numbers from Shanghai’s bourse. Investors sold a net RMB630 million (US$102 million) of Shanghai stocks through the link, raising the daily purchase limit to RMB13.6 billion. Trading in Hong Kong listed shares through the link was closed Tuesday and will reopen on January 5, according to the Shanghai stock exchange. About 75% of the aggregate quote of Shanghai-listed equities and 96% of Hong Kong stocks available through the link remain unused.