Foreign Investors Cool on China After Record Stock Buying in January

Foreign investment in China’s stock market has nosedived in February following a record high in January, as the initial excitement over the country’s reopening fades with less-than-stellar economic data from the Lunar New Year holiday and heightened geopolitical tensions, analysts said.

Overseas investors bought a net 141.3 billion yuan ($20.5 billion) of Chinese mainland-listed shares through Hong Kong’s Stock Connect system with Shanghai and Shenzhen in the 16 trading days in January, the highest monthly amount on record, according to data compiler East Money Information Co. Ltd.