浦银国际月度资金流：美股虹吸效应再度显现

Group 1 - The report highlights the strong resilience of the US economy, which has led to a significant inflow of funds into US stocks, indicating a "siphoning effect" from other markets [3][4][5] - From November 28 to December 25, 2024, US stocks saw a net inflow of $34.88 billion, while most other major stock markets experienced net outflows [4][5] - Developed markets attracted more funds compared to emerging markets, with a net inflow of$60.22 billion into developed markets during the same period, while emerging markets saw a net outflow of $1 billion [5] Group 2 - Foreign capital outflow from the Chinese market has slowed down, with a total of$3.56 billion net outflow recorded from November 28 to December 25, 2024, compared to a larger outflow of $9.74 billion in the previous comparable period [14][15] - Domestic capital saw a significant monthly net inflow of$5 billion into the Chinese stock market during the same period, although there was a net outflow of $340 million in the following week [15][21] - The report notes that foreign capital has continuously net flowed into the Hong Kong stock market for seven consecutive months, with a net inflow of$550 million from November 28 to December 25, 2024 [21][22] Group 3 - The report indicates that the Southbound capital flow into Hong Kong stocks has decreased, but the trading volume share has slightly increased, with Southbound capital accounting for 23.6% of the daily trading volume in December [25][29] - Defensive sectors such as financials, information technology, and telecommunications have seen significant net inflows, while the materials sector recorded a net outflow [32][34] - High-dividend stocks, particularly in the financial, telecommunications, and energy sectors, have attracted Southbound capital, with notable interest in leading companies like China Mobile and Industrial and Commercial Bank of China [34][35]