STOCKS | A-Share Main Funds Record 216.9 Billion Yuan Net Outflow as Tech Stocks See Heavy Selling

China’s A-share market fluctuated and pulled back during the week of June 22–26, with major indexes posting declines while the STAR 50 Index rose sharply. According to Jin10, by the close on June 26, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index had fallen a cumulative 1.55%, 1.55%, and 1.37% for the week, respectively, while the STAR 50 Index had gained 6.32%. On the fund-flow side, main funds across the Shanghai and Shenzhen markets recorded a combined net outflow of 216.935 billion yuan for the week. The data showed significant selling pressure in technology stocks, with the group known as “Yi Zhong Tian”—Eoptolink Technology, InnoLight Technology, and TFC Communication—seeing combined selling of more than 26.7 billion yuan. In terms of individual stocks, InnoLight Technology posted the largest main-fund net outflow at 13.78 billion yuan. Victory Giant Technology recorded a net outflow of 8.161 billion yuan. Dongshan Precision, TFC Communication, and Accelink Technologies each saw net outflows of more than 7.0 billion yuan. HGLaser recorded a net outflow of 6.267 billion yuan. Eoptolink Technology and Tongguan Copper Foil each posted net outflows of more than 5.0 billion yuan. Zhongtian Technology and Contemporary Amperex Technology each saw net outflows of more than 3.5 billion yuan.