BEIJING: China’s Shanghai Composite Index fell more than 2 percent on Thursday, with China’s small cap index dropping 4.9 percent, as investors’ interest switched to shares in Hong Kong, where major indexes rose more than 2 percent.
For the first time on Wednesday, Chinese investors used their entire 10.5 billion yuan daily quota in a cross-border programme to buy Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a record.
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