Southbound net buying hits HK$6 billion Oct 8; Oct 9 shows HK$2 billion net selling
In short
Southbound funds (南向资金) recorded rising net purchases in reports published on October 8, from HK$3 billion reported by CLS at 10:13 to HK$6 billion reported by 36Kr at 13:44. On October 9, CLS reported that southbound funds had turned to net selling of HK$2 billion so far that day.
Read the full story 1 min read
Southbound funds (南向资金) were net buyers in reports published on October 8. CLS reported at 10:13 that net purchases had so far reached HK$3 billion. Yicai reported HK$4 billion at 10:37 and HK$5 billion at 11:49, and 36Kr reported HK$6 billion at 13:44. [ 1 , 2 , 3 , 4 ]
On October 9, CLS reported at 11:22 that southbound funds had so far recorded net sales of HK$2 billion that day. None of the reports gives a closing figure for either day or a reason for the flows. [ 5 ]
Why it matters
The figures were carried by business and tech outlets as running updates through the day. The documents give no reason for the flows and no closing totals.
Key facts
- CLS reported on October 8 that southbound funds' net purchases had so far reached HK$3 billion. [ 1 ]
- Yicai reported southbound net purchases reaching HK$4 billion, and later HK$5 billion, in reports published on October 8. [ 2 , 3 ]
- 36Kr reported southbound net purchases reaching HK$6 billion in a report published on October 8. [ 4 ]
- CLS reported on October 9 that southbound funds' net sales had so far reached HK$2 billion. [ 5 ]
Confirmed by several sources
Still unclear
- The final net purchase total for October 8. The reports give running figures during the day; the latest, HK$6 billion, was published at 13:44 and none gives a closing total.
- The final net selling total for October 9. Only one CLS report, published at 11:22, covers October 9, and it gives a figure only up to that point.
What local media are saying
Timeline, local time
- October 8: CLS reports southbound net purchases have so far reached HK$3 billion. [ 1 ]
- October 8: Yicai reports southbound net purchases reaching HK$4 billion. [ 2 ]
- October 8: Yicai reports southbound net purchases reaching HK$5 billion. [ 3 ]
- October 8: 36Kr reports southbound net purchases reaching HK$6 billion. [ 4 ]
- October 9: CLS reports southbound net sales have so far reached HK$2 billion. [ 5 ]