Stock connects fuel inflow of foreign capital

Analysts attribute jump to weighting increase of A shares in MSCI indexes

Foreign capital inflows into China's A-share market via stock connect programs hit a nine-month high and helped fuel a market rally on Tuesday, as the weighting increase of A shares in major global investment benchmarks took effect.

A net total of 11.3 billion yuan ($1.6 billion) flowed into A shares via northbound trading under the stock connects between mainland and Hong Kong bourses on Tuesday, the highest since Dec 3 last year, versus a 3-billion-yuan net outflow on Monday, according to financial information provider Wind Info.