Chinese investors might have sold American securities for a risk reduction due to uncertainty around the US presidential election, said Billy Leung, an investment strategist at Global X Management Co. in Sydney.
Chinese investors have good reasons to be diversifying away from US assets given an over-valued US dollar, expensive US equity valuations relative to Chinese equities, and an increased need for liquidity given deleveraging, said Wei Liang Chang, macro strategist at DBS Bank Ltd.
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