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<Research>Haitong Int'l: Increase in Foreign Investment in Pharma/ Semis Sectors, Reduction in Financial Sector
Recommend 62 Positive 93 Negative 42 |
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Haitong International released a weekly observation report on global foreign investment. According to the Hong Kong Stock Exchange's CCASS data, from October 8 to 14, a total of HKD7.8 billion flowed into the Hong Kong stock market. Among which, stable foreign capital inflows amounted to HKD1.9 billion, while flexible foreign capital outflows whopped HKD8.9 billion. Southbound trading via Stock Connect saw inflows of HKD29.4 billion, and local Hong Kong or mainland Chinese funds amounted to HKD24.7 billion. On the industry level, from October 8 to 14, foreign capital flowed considerably into the pharmaceutical and biotechnology, and semiconductor sectors, while Stock Connect saw substantial inflows into ETFs and banks. Stable foreign capital primarily flowed into pharmaceuticals and biotechnology (HKD3 billion), semiconductors (HKD2 billion), and automobiles and auto parts (HKD1.9 billion), while outflows were notable in ETFs (-HKD3 billion), non-ferrous metals (-HKD2.1 billion), and real estate (-HKD1.6 billion). Flexible foreign capital from October 8 to 14 primarily flowed into pharmaceuticals and biotechnology (HKD3.8 billion), semiconductors (HKD1.2 billion), and utilities (HKD900 million), with significant outflows from ETFs (-HKD10.7 billion), software services (-HKD7 billion), and banks (-HKD6.9 billion). Southbound trading via Stock Connect from October 8 to 14 saw major inflows into ETFs (HKD12.2 billion), banks (HKD4.7 billion), and hardware equipment (HKD4.2 billion), with outflows from semiconductors (-HKD7.8 billion), pharmaceuticals and biotechnology (-HKD4.9 billion), and discretionary retail (-HKD3.1 billion). AASTOCKS Financial News Website: www.aastocks.com |
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