全球市场流动性周观察

A-Share Market - Northbound capital saw a significant estimated net inflow of 16 billion yuan this week, compared to a net outflow of 6.1 billion yuan the previous week [1] - Flexible foreign capital recorded an estimated net inflow of 6 billion yuan this week, reversing from a net outflow of 1.3 billion yuan last week [1] - CATL, East Money Information, and Kweichow Moutai were the most actively traded stocks through the Stock Connect program, with total transaction amounts of 14.9 billion yuan, 12.1 billion yuan, and 11.4 billion yuan respectively [3] Hong Kong Market - Total capital inflows into the Hong Kong market reached 3.8 billion HKD this week, with Stock Connect inflows of 38.6 billion HKD offsetting outflows from stable and flexible foreign capital [4] - Stable foreign capital primarily flowed into transportation (800 million HKD), real estate (700 million HKD), and utilities (600 million HKD) sectors [7] - Flexible foreign capital showed significant inflows into banking (1.2 billion HKD), media (1 billion HKD), and technology hardware (900 million HKD) [8] - Stock Connect capital mainly flowed into ETFs (12.8 billion HKD), software services (3.8 billion HKD), and banking (3.2 billion HKD) [9] Asia-Pacific Markets - Overseas investors recorded a net outflow of 205 billion yen from Japanese equities in the latest week, with cumulative net inflows reaching 4.4 trillion yen since 2023 [9][11] - Foreign institutional investors withdrew 11.2 billion USD from Indian equities in October, reversing from a 6.9 billion USD inflow in September [10][12] US and European Markets - Global mutual funds saw a net inflow of 41.4 billion USD into US equity markets in September, up from 27.4 billion USD in August [12] - European equity markets experienced outflows, with the UK, France, and Germany recording net outflows of 3.4 billion USD, 540 million USD, and 290 million USD respectively in September [12][13]