Top mover alert: Investors exit from Nikkei225 put warrants which are up 14% as index sinks 2.2%

Macquarie Warrants Singapore
06-04

  • The $Nikkei 225 Index(N225.JP)$ is leading Asia lower this morning with a 2.2% fall in the June futures to 67,045 as of 1030AM, as renewed clashes between the US and Iran led to the most serious flare-up in tensions since the ceasefire went into effect in early April

  • Trending Nikkei put warrant $NKY 55000MBePW260911(YHSW.SI)$ (https://warrants.com.sg/tools/livematrix/YHSW) which saw demand yesterday as the Nikkei225 traded to new record highs above the 68,000 level yesterday, is seeing investors exit from 800K units of YHSW which is up 14% to SGD 0.057

  • According to Bloomberg, the Nikkei225 had been recently hovering near 70 on the Relative Strength Index, a level that signals it was overbought

  • The Nikkei225 remains the best performing index year to date with gains of 33.3% compared to the 10.4% year to date gains on the S&P500 and +9.5% on the STI

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