Chinese retail investors, eager for returns, looked overseas – then came Monday

Quick Summary:

Chinese investors, frustrated with low returns in the domestic market, opted to move capital into overseas funds and cryptocurrencies – a potentially grievous error in the context of Monday’s global nosedive.

A moribund stock market and deeply depressed property sector left few options for individual Chinese investors, many of whom chose to seek their fortune in Western markets and others in Asia.

China’s retail investors, moved to explore other markets as domestic exchanges showed little promise, were hit hard in Monday’s rout of Asian indexes.

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Article Details

Author / Journalist: Frank Chen

Category: Business

Markets: Hong KongChinaJapanUnited States

Topics: Value Cent Investors Domestic Market China’s Chinese Markets Capital Monday Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 10:00:09 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 902 words

Reading Time: 6 minutes read

Sentences: 26 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21963546

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