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Mainland Chinese investors net bought HK$62.9 billion in Hong Kong stocks through Stock Connect in July, the second consecutive month of net buying, to avoid the volatility in AI-related stocks.
Mainland investors net bought HK$62.9 billion (approximately US$8.02 billion) in Hong Kong stocks through Stock Connect in July, according to data from Hong Kong Exchanges and Clearing, continuing the net buying trend of HK$27.1 billion in June. This move aims to seek refuge from market volatility in artificial intelligence-related stocks and shift to the undervalued Hong Kong market.
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