china’s stock market has seen unprecedented outflows from foreign investors this year as a combination of covid19 lockdowns fallout from the war in ukraine and regulatory jitters sapped demand for the nation’s assets overseas investors offloaded 15 billion yuan 22 billion of shanghai and shenzhen shares via the trading link in the first five months of the year the first net outflow for the period in bloomberg data going back to 2017 as of early tuesday most of the selloff was in march  when the war in ukraine roiled markets and shanghai entered lockdown  but purchases since then have been modest