Mainland investors turn sellers via HK stock link

Central bank's surprise interest rate cut said to be influencing decisions

Mainland investors turned net sellers of Hong Kong stocks through Stock Connect for the first time on Monday, after taking up just 6.1 percent of daily buying quotas in the program's first week.

The balance for the daily limit on Hong Kong equity-buying through the link rose above 10.5 billion yuan ($1.7 billion) in morning trade, signaling that more investors were selling than buying, according to data compiled by Bloomberg.