Global funds dumped another US$3bil in China stocks in Oct -Morgan Stanley

An investor watches a board showing stock information at a brokerage office in Beijing. — Reuters

HONG KONG: Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR.

China and Hong Kong equities saw a combined $3.1 billion in net outflow from active long-only funds last month, a third consecutive month of net selling exceeding $3 billion, the report, seen by Reuters, said.