Offshore investors cashed out of Chinese stocks at a record pace on Tuesday, bagging profits after the market’s world-beating rally.
Funds based outside the mainland sold a net Rmb17.4bn ($2.6bn) through trading link-ups between Hong Kong and the two main bourses in Shanghai and Shenzhen, according to Financial Times calculations based on Bloomberg data.
The benchmark CSI 300 stock index dropped as much as 2.5 per cent on Tuesday, before closing the session down 1 per cent.
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