July 15 — Tech-led adjustment hit China’s A-share market; stocks at relatively
low levels broadly outperformed. Main funds posted a net outflow of 27.93 bln
yuan, reversing the prior session’s inflow; the CSI 300 saw a net outflow of
13.75 bln yuan. 2,209 stocks recorded net main-fund inflows while 2,989 saw net
outflows. The top 10 stocks by main-fund outflows were all tech names, with
aggregate outflows exceeding 15.00 bln yuan. By sector, 12 of 31 Shenwan
first-level industries posted net inflows; pharmaceuticals & biotech led with
6.20 bln yuan, followed by media 2.58 bln, food & beverage 0.57 bln and non-bank
financials 0.43 bln.
