Foreigners Dump Record Chinese Stocks on Trade War Woes

Foreign investors -- who could only watch as Chinese stocks sold off on Monday -- pulled a record 10.9 billion yuan ($1.6 billion) out of onshore shares as trading links with Hong Kong resumed after a holiday. That takes the total sale this month to 28.3 billion yuan, far exceeding the record in April, according to data compiled by Bloomberg. While jitters over China-U.S. trade talks have sent the Shanghai Composite Index down 1.9% this week, flows could reverse if trade prospects improve and investors begin to bottom fish.