In April, rumors of Foxconn’s exodus from China and its move to India sent stock prices in China and Hong Kong tumbling. Data indicate that during the five trading days starting April 23, over $3.17 billion in foreign capital fled China through the Shanghai-Hong Kong Stock Connect mechanism, amounting to more than 21 billion RMB. This marked the longest capital withdrawal streak since November last year. On April 24, Foxconn officially announced its investment in India through the Hong Kong Stock Exchange,
