Investors Flee China Stocks as Foreigners Dump $1.4 Billion

 Chinese stocks’ worst October start in a decade has scared off the last remaining bulls.
 Foreigners dumped 9.7 billion yuan ($1.4 billion) of A shares through exchange links with Hong Kong on Monday, just short of a record hit eight months ago, as mainland markets reopened after a week-long break. Ping An Insurance (Group) Co., Kweichow Moutai Co. and Hangzhou Hikvision Digital Technology Co. -- old favorites that jumped at least 97 percent last year -- were the most sold by overseas traders Monday.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.