Reported 4 months ago
Investors withdrew money from Chinese exchange-traded funds in May, marking the first outflow in 15 months and raising concerns about the recent stock market rebound. ETFs in Shanghai and Shenzhen saw a combined withdrawal of $4.2 billion, contrasting with previous inflows. The rally in Chinese stock markets has been supported by state funds but faced challenges amid a tepid earnings season and doubts over the efficacy of rescue measures, leading to a decline in investor confidence.
Source: YAHOO