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Southbound Funds Unload HK$18.5 Billion Worth of Hong Kong Stocks in a Single Day, Marking a Four-Year High, and Aggressively Trim Positions in Tencent and Xiaomi
2025-05-12 /
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Author：小编
Southbound funds have liquidated a net HK$18.528 billion in Hong Kong stocks today, reaching a single-day record high since February 24, 2021. Notably, BYD Electronics and CNOOC saw net buying, whereas the Tracker Fund of Hong Kong, Tencent Holdings, Xiaomi Group-W, and other stocks experienced net selling. Statistics reveal that southbound funds have been net sellers of Tencent and Xiaomi for five straight days, with cumulative net sales amounting to HK$8.429 billion and HK$6.110 billion, respectively.
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