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Markets

Foreigners' net sales of Chinese stocks via Hong Kong hit record

Huawei suppliers and Hangzhou Hikvision Digital suffer from US trade pressure

Surveillance camera maker Hangzhou Hikvision Digital Technology’s stock price dropped sharply in May. (Reuters)   © Reuters

HONG KONG -- Foreign investors are ditching Chinese stocks at a record level as the U.S. raises tariffs and takes other measures against China and telecom equipment maker Huawei Technologies.

Foreign investors sold a record 53.7 billion yuan ($7.73 billion) more Chinese stocks than they bought via the Hong Kong Stock Exchange in May, when the Hang Seng Index fell 9.4%.

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