Northbound Capital Sees Net Selling of HK$1.518 Billion on July 24, Alibaba Hit Hardest

According to Zhitong Finance, on July 24, Northbound capital recorded net selling of HK$1.518 billion, with Shanghai-Hong Kong Stock Connect net selling HK$551 million and Shenzhen-Hong Kong Stock Connect net selling HK$967 million.

Alibaba-W (09988) faced the heaviest selling pressure, with net selling of HK$3.207 billion, followed by Tencent (00700) with net selling of HK$496 million and Kingboard Copper Foil Electronics (01888) with HK$692 million. On the buying side, Huahong Semiconductor (01347) attracted net buying of HK$378 million and Semiconductor Manufacturing International (00981) received HK$320 million.