Mainland China traders ramped up their purchases of stocks in Hong Kong before the start of the seven-day-long National Day holiday, the South China Morning Post reported Monday.
Investors from the north purchased HK$12.1 billion of Hong Kong shares on Monday, mostly from Alibaba (HKG:9988), Hong Kong Exchanges and Clearing (HKG:0388), and Wuxi Biologics (HKG:2269), the report said.
The amount was the biggest single-day total in more than half a year, helping overall turnover reach a record-high HK$505.8 billion, the SCMP said, citing stock exchange data.
Mainland Chinese investors have purchased $64 billion of Hong Kong stocks so far this year, higher than the $42 billion of stocks bought in total in 2023, the report said.
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