As the Chinese stock market turns downward this month, attention is focusing on whether the surge in the Chinese stock market, which has continued until recently, will end. While local investors are seeking to realize profits, securities firms are predicting further gains.
According to the Korea Securities Depository on the 7th, domestic investors turned to selling Chinese stocks this month. It has sold a net $1.19 million worth of shares in the Shanghai stock market and $22.34 million in the Shenzhen stock market over the past 1 to 4 days.
On the contrary, in August, domestic investors net purchased $12.57 million worth of stocks in the Shanghai stock market and $24.67 million in the Shenzhen stock market.
Such a sell-off occurred because investors began to be wary of a rise in the Chinese stock market. The Shanghai Composite Index and Shenzhen Composite Index…
