US stocks rose to new highs on Tuesday, with $S&P 500(.SPX)$ recording its 41st closing record of the year.
But surprisingly, Chinese concept stocks in the U.S. saw widespread gains, influenced by positive policies such as the central bank's reduction of existing mortgage rates, further reserve requirement cuts, and strong development of equity funds, along with arrangements for medium- and long-term capital inflows.
$NASDAQ Golden Dragon China Index(HXC)$ rose over 9%, marking its largest single-day gain since 2022.
$Direxion Daily FTSE China Bull 3X Shares(YINN)$ closed nearly 30% higher, $KraneShares CSI China Internet ETF(KWEB)$ surged 10%, $iShares China Large-Cap ETF(FXI)$ increased over 9%, and $X-trackers Harvest CSI 300 China A-Shares Fund(ASHR)$ was up 8%.
Led by the policy, star China stocks like $Alibaba(BABA)$ and $PDD Holdings Inc(PDD)$ also surged. Many tigers can recover from their previous losses.
However, in pre-market trading today, most Chinese concept stock ETFs have started to decline, with YINN down 12%. The $HSI(HSI)$ initially surged before closing up 0.4%.
In contrast, the inverse ETF $Direxion Daily FTSE China Bear 3X Shares(YANG)$ rose 12% in pre-market trading, and $ProShares UltraShort FTSE China 50(FXP)$ was up 6%.
Why did the bull market last only a day?
Analysts believe that the sudden surge prompted profit-taking from investors and insititutions. Additionally, this increase coincided with the National Day holiday in China, creating a demand for leveraged funds to withdraw.
Is the one-day rally over for China stocks?
Do you long or short on China stocks?
Are your China stock holdings back to breakeven?
Leave your comments and also post to win tiger coins~
Comments
didn't get any Chinese stpcks back then, was buying SG stocks instead.
@HelenJanet @rL @SPACE ROCKET @TigerGPT @GoodLife99 @Universe宇宙 @LMSunshine @koolgal @Shyon @Aqa
Is the one-day rally over for China stocks?
Do you long or short on China stocks?
Are your China stock holdings back to breakeven?
Leave your comments and also post to win tiger coins~
但令人意外的是,受央行下調存量房貸利率、進一步降準、權益基金髮展強勁等利好政策以及中長期資金流入安排的影響,在美中概股出現了普遍上漲。
$納斯達克金龍中國指數(HXC)$漲超9%,創2022年以來最大單日漲幅。
$Direxion每日富時中國牛市3倍股(YINN)$收高近30%,$金瑞中證中國互聯網ETF(KWEB)$大漲10%,$iShares中國大盤ETF(FXI)$增長超過9%,以及$X-trackers嘉實滬深300中國A股基金(ASHR)$上漲了8%。
在政策引領下,明星中概股如$阿里巴巴-SW(BABA)$和$拼多多控股公司(PDD)$也激增。許多老虎可以從之前的損失中恢復過來。
Another way to get income is to sell covered calls on your ChinaHK stocks when there's a flush up.