BEIJING: Investors are offloading their holdings of Chinese technology shares at a record pace as worries over higher inflation coupled with dimming growth prospects hurt outlook for the sector.
The KraneShares CSI China Internet exchange-traded fund (ETF) has seen outflows of almost US$700mil (RM3.13bil) this month, according to Bloomberg data, on track to be the worst month ever for the US-traded fund.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
