Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by China's regulatory crackdown, ...
Small-time traders have been jumping in to buy stocks discarded by big investors during the selloff triggered by China's regulatory crackdown, research showed on Wednesday.
Their buying may help to stabilise U.S.-listed Chinese shares after several days of selling driven by Beijing's move to tighten regulations on the technology and education sectors. Overall, stocks impacted by the regulatory crackdown had seen combined retail inflows of US$239 million, roughly 14per cent of total retail purchases on the day, Vanda said.
"From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones," they told clients.
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