Chinese Equities Soar

Latest News

10-18

Hong Kong Stocks Snap 4-Day Decline; SMIC Surges 16%

10-29

Eyeing US Election, China Considers over $1.4 Trillion in Extra Debt over Next Few Years, Say Sources

10-18

Investors Buy, Then Bide Time on China

User Discussion

TigerVision888

10-21

The year 2024 is closing with 2 months and 10 days left. The market really wonders what is still taking them so long to put stimulus to action, the datas won't just suddenly improve in the next month. Everyday is a ticking

Investors Buy, Then Bide Time on China

John N

10-21

Hopefully they keep the Stim coming and gave less pointless meetings

Zarkness

09-30

Gogo China !🇨🇳

When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism

Barcode

09-30

💯

When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism

Barcode

09-30

💯

When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism

Sunshinekim

09-30

Let the Bull Run!👍

Chinese Stocks Soar Most Since 2015, Heading for Bull Market

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The market really wonders what is still taking them so long to put stimulus to action, the datas won't just suddenly improve in the next month. Everyday is a ticking","listText":"The year 2024 is closing with 2 months and 10 days left. The market really wonders what is still taking them so long to put stimulus to action, the datas won't just suddenly improve in the next month. Everyday is a ticking","text":"The year 2024 is closing with 2 months and 10 days left. The market really wonders what is still taking them so long to put stimulus to action, the datas won't just suddenly improve in the next month. Everyday is a ticking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362376981053560","repostId":"2476474063","repostType":2,"repost":{"id":"2476474063","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1729242246,"share":"https://ttm.financial/m/news/2476474063?lang=&edition=fundamental","pubTime":"2024-10-18 17:04","market":"us","language":"en","title":"Investors Buy, Then Bide Time on China","url":"https://stock-news.laohu8.com/highlight/detail?id=2476474063","media":"reuters","summary":"ANALYSIS-Investors buy, then bide time on ChinaNearly 1/3 of Asia fund managers are buyers - BofA surveyFiscal stimulus seen as trigger for further gainsTech sector preferredBy Tom Westbrook, Dhara Ranasinghe and Naomi Rovnick","content":"<html><head></head><body><p>Global investors are buying China and betting last month&#39;s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.</p><p>The sentiment shift has been fast and furious, spurring billions of investor cash that had been diverted to India and Japan rushing back to bring China exposures from near record lows towards neutral or market-weight.</p><p>In just a month, the proportion of Asia fund managers building exposure in China jumped from 8% to 31%, according to a Bank of America survey published in mid-October, and the percentage of managers looking outside China for opportunities collapsed by a similar margin.</p><p>Yet markets have already pulled back 10% from the rally&#39;s highs thus far and third-quarter gross domestic product data on Friday showed the economy grew at the slowest pace since early 2023, leaving investors preparing to wait it out.</p><p>&#34;The real crux of a second-leg higher in shares is if the government is able to stimulate consumer demand,&#34; said Willem Sels, global chief investment officer at HSBC Global Private Banking and Wealth.</p><p>&#34;We think there will be more details coming through and the market is looking for a number on the size of fiscal stimulus to get excited. If we get that, then there is more room for another rise in stocks. We are still neutral.&#34;</p><p>China no longer publishes timely data showing money moving in and out of its equity markets but ebbing turnover and momentum point to investors giving the latest stimulus efforts the benefit of the doubt.</p><p>Cash that poured into U.S.-listed exchange-traded funds that invest in China has mostly stayed there, after the initial rush.</p><p>&#34;People are still observing - there&#39;s no immediate profit-taking positions,&#34; said Henry Wu, head of Xtrackers U.S. products at DWS in New York, where the Xtrackers Harvest CSI 300 has drawn more than $2.2 billion in inflows since late September. &#34;Investors are here to wait and see.&#34;</p><p><strong>&#39;BETTER LATE THAN WRONG&#39;</strong></p><p>Foreigners say that tech and e-commerce companies are attractive, with the latter exposed to improvement in consumption and offering a margin of safety in being both relatively cheap and generating a lot of cash.</p><p>&#34;They were penalised for several years both for reality and perception reasons about government policies and regulations,&#34; said Nate Thooft, CIO for multi-asset at Manulife Investment Management.</p><p>&#34;But our impression is that this time around China policymakerswant to help the market, and I think they&#39;re going to be less restrictive and ... some of the gap in valuation between equivalent country companies in the tech space could close.&#34;</p><p>Most are leaving real estate, where one-time powerhouse developers are cheap and swing wildly, to bolder speculators.</p><p>To be sure, there are plenty of investors wary of geopolitical risks or China&#39;s regulatory rollercoaster who have walked away from the mainland markets for good and others who are sceptical about how strongly the economy can rebound.</p><p>Still, the mood has moved from aversion to China&#39;s stock market to watching, waiting, and gradually buying.</p><p>&#34;We are not speculators, we are building an investment case,&#34; said Benjamin Melman, chief investment officer at Edmond de Rothschild Asset Management, which has held a neutral position on China for more than a year.</p><p>&#34;It is better to be late than wrong.&#34;</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors Buy, Then Bide Time on China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">reuters </p>\n<p class=\"h-time\">2024-10-18 17:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Global investors are buying China and betting last month&#39;s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.</p><p>The sentiment shift has been fast and furious, spurring billions of investor cash that had been diverted to India and Japan rushing back to bring China exposures from near record lows towards neutral or market-weight.</p><p>In just a month, the proportion of Asia fund managers building exposure in China jumped from 8% to 31%, according to a Bank of America survey published in mid-October, and the percentage of managers looking outside China for opportunities collapsed by a similar margin.</p><p>Yet markets have already pulled back 10% from the rally&#39;s highs thus far and third-quarter gross domestic product data on Friday showed the economy grew at the slowest pace since early 2023, leaving investors preparing to wait it out.</p><p>&#34;The real crux of a second-leg higher in shares is if the government is able to stimulate consumer demand,&#34; said Willem Sels, global chief investment officer at HSBC Global Private Banking and Wealth.</p><p>&#34;We think there will be more details coming through and the market is looking for a number on the size of fiscal stimulus to get excited. If we get that, then there is more room for another rise in stocks. We are still neutral.&#34;</p><p>China no longer publishes timely data showing money moving in and out of its equity markets but ebbing turnover and momentum point to investors giving the latest stimulus efforts the benefit of the doubt.</p><p>Cash that poured into U.S.-listed exchange-traded funds that invest in China has mostly stayed there, after the initial rush.</p><p>&#34;People are still observing - there&#39;s no immediate profit-taking positions,&#34; said Henry Wu, head of Xtrackers U.S. products at DWS in New York, where the Xtrackers Harvest CSI 300 has drawn more than $2.2 billion in inflows since late September. &#34;Investors are here to wait and see.&#34;</p><p><strong>&#39;BETTER LATE THAN WRONG&#39;</strong></p><p>Foreigners say that tech and e-commerce companies are attractive, with the latter exposed to improvement in consumption and offering a margin of safety in being both relatively cheap and generating a lot of cash.</p><p>&#34;They were penalised for several years both for reality and perception reasons about government policies and regulations,&#34; said Nate Thooft, CIO for multi-asset at Manulife Investment Management.</p><p>&#34;But our impression is that this time around China policymakerswant to help the market, and I think they&#39;re going to be less restrictive and ... some of the gap in valuation between equivalent country companies in the tech space could close.&#34;</p><p>Most are leaving real estate, where one-time powerhouse developers are cheap and swing wildly, to bolder speculators.</p><p>To be sure, there are plenty of investors wary of geopolitical risks or China&#39;s regulatory rollercoaster who have walked away from the mainland markets for good and others who are sceptical about how strongly the economy can rebound.</p><p>Still, the mood has moved from aversion to China&#39;s stock market to watching, waiting, and gradually buying.</p><p>&#34;We are not speculators, we are building an investment case,&#34; said Benjamin Melman, chief investment officer at Edmond de Rothschild Asset Management, which has held a neutral position on China for more than a year.</p><p>&#34;It is better to be late than wrong.&#34;</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09618":"京东集团-SW","JD":"京东","BABA":"阿里巴巴","YINN":"三倍做多富时中国ETF-Direxion","YANG":"三倍做空富时中国ETF-Direxion","HSI":"恒生指数","BK4211":"区域性银行","HSTECH":"恒生科技指数","09988":"阿里巴巴-W","KWEB":"中国海外互联网ETF-KraneShares","00700":"腾讯控股"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241018:nL4N3LT1HW:4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2476474063","content_text":"Global investors are buying China and betting last month's rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.The sentiment shift has been fast and furious, spurring billions of investor cash that had been diverted to India and Japan rushing back to bring China exposures from near record lows towards neutral or market-weight.In just a month, the proportion of Asia fund managers building exposure in China jumped from 8% to 31%, according to a Bank of America survey published in mid-October, and the percentage of managers looking outside China for opportunities collapsed by a similar margin.Yet markets have already pulled back 10% from the rally's highs thus far and third-quarter gross domestic product data on Friday showed the economy grew at the slowest pace since early 2023, leaving investors preparing to wait it out.\"The real crux of a second-leg higher in shares is if the government is able to stimulate consumer demand,\" said Willem Sels, global chief investment officer at HSBC Global Private Banking and Wealth.\"We think there will be more details coming through and the market is looking for a number on the size of fiscal stimulus to get excited. If we get that, then there is more room for another rise in stocks. We are still neutral.\"China no longer publishes timely data showing money moving in and out of its equity markets but ebbing turnover and momentum point to investors giving the latest stimulus efforts the benefit of the doubt.Cash that poured into U.S.-listed exchange-traded funds that invest in China has mostly stayed there, after the initial rush.\"People are still observing - there's no immediate profit-taking positions,\" said Henry Wu, head of Xtrackers U.S. products at DWS in New York, where the Xtrackers Harvest CSI 300 has drawn more than $2.2 billion in inflows since late September. \"Investors are here to wait and see.\"'BETTER LATE THAN WRONG'Foreigners say that tech and e-commerce companies are attractive, with the latter exposed to improvement in consumption and offering a margin of safety in being both relatively cheap and generating a lot of cash.\"They were penalised for several years both for reality and perception reasons about government policies and regulations,\" said Nate Thooft, CIO for multi-asset at Manulife Investment Management.\"But our impression is that this time around China policymakerswant to help the market, and I think they're going to be less restrictive and ... some of the gap in valuation between equivalent country companies in the tech space could close.\"Most are leaving real estate, where one-time powerhouse developers are cheap and swing wildly, to bolder speculators.To be sure, there are plenty of investors wary of geopolitical risks or China's regulatory rollercoaster who have walked away from the mainland markets for good and others who are sceptical about how strongly the economy can rebound.Still, the mood has moved from aversion to China's stock market to watching, waiting, and gradually buying.\"We are not speculators, we are building an investment case,\" said Benjamin Melman, chief investment officer at Edmond de Rothschild Asset Management, which has held a neutral position on China for more than a year.\"It is better to be late than wrong.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362280289591360,"gmtCreate":1729467209533,"gmtModify":1729475131704,"author":{"id":"4188267286387922","authorId":"4188267286387922","name":"John N","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4188267286387922","authorIdStr":"4188267286387922"},"themes":[],"htmlText":"Hopefully they keep the Stim coming and gave less pointless meetings","listText":"Hopefully they keep the Stim coming and gave less pointless meetings","text":"Hopefully they keep the Stim coming and gave less pointless meetings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362280289591360","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355122818445632,"gmtCreate":1727701992038,"gmtModify":1727701996857,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572916667219493","authorIdStr":"3572916667219493"},"themes":[],"htmlText":"Gogo China !🇨🇳&nbsp;","listText":"Gogo China !🇨🇳&nbsp;","text":"Gogo China !🇨🇳","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355122818445632","repostId":"2471891967","repostType":2,"repost":{"id":"2471891967","pubTimestamp":1727668163,"share":"https://ttm.financial/m/news/2471891967?lang=&edition=fundamental","pubTime":"2024-09-30 11:49","market":"hk","language":"en","title":"When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=2471891967","media":"Bloomberg","summary":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to opt","content":"<html><head></head><body><ul style=\"\"><li><p>Relative cost of HSCEI medium-term protection slumps</p></li><li><p>China stock ETFs in the US also see surge in bullish options</p></li></ul><p>(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. </p><p>The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5b300b41429ec3e30df8013167d8a1f4\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. </p><p>“It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”</p><p>Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. </p><p>But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. </p><p>As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d2328eccac99f75dcb1faa28ec8c262d\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. </p><p>The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.</p><p>“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. </p><p>Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. </p><p>“We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said. </p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-30 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","NIO":"蔚来","09988":"阿里巴巴-W","TCOM":"携程网"},"source_url":"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2471891967","content_text":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. “It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. “We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354992231317808,"gmtCreate":1727670108288,"gmtModify":1727670110738,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4171900329979952","authorIdStr":"4171900329979952"},"themes":[],"htmlText":"💯&nbsp;","listText":"💯&nbsp;","text":"💯","images":[{"img":"https://community-static.tradeup.com/news/4ff8145ab5d00628166582975b9ee43e"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354992231317808","repostId":"2471891967","repostType":4,"repost":{"id":"2471891967","pubTimestamp":1727668163,"share":"https://ttm.financial/m/news/2471891967?lang=&edition=fundamental","pubTime":"2024-09-30 11:49","market":"hk","language":"en","title":"When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=2471891967","media":"Bloomberg","summary":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to opt","content":"<html><head></head><body><ul style=\"\"><li><p>Relative cost of HSCEI medium-term protection slumps</p></li><li><p>China stock ETFs in the US also see surge in bullish options</p></li></ul><p>(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. </p><p>The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5b300b41429ec3e30df8013167d8a1f4\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. </p><p>“It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”</p><p>Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. </p><p>But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. </p><p>As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d2328eccac99f75dcb1faa28ec8c262d\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. </p><p>The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.</p><p>“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. </p><p>Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. </p><p>“We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said. </p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-30 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","NIO":"蔚来","09988":"阿里巴巴-W","TCOM":"携程网"},"source_url":"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2471891967","content_text":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. “It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. “We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":354961906733080,"gmtCreate":1727670094732,"gmtModify":1727670098255,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4171900329979952","authorIdStr":"4171900329979952"},"themes":[],"htmlText":"💯&nbsp;","listText":"💯&nbsp;","text":"💯","images":[{"img":"https://community-static.tradeup.com/news/2f332faebca37ad72d86be2aa3b3e8a1"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354961906733080","repostId":"2471891967","repostType":4,"repost":{"id":"2471891967","pubTimestamp":1727668163,"share":"https://ttm.financial/m/news/2471891967?lang=&edition=fundamental","pubTime":"2024-09-30 11:49","market":"hk","language":"en","title":"When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=2471891967","media":"Bloomberg","summary":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to opt","content":"<html><head></head><body><ul style=\"\"><li><p>Relative cost of HSCEI medium-term protection slumps</p></li><li><p>China stock ETFs in the US also see surge in bullish options</p></li></ul><p>(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. </p><p>The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5b300b41429ec3e30df8013167d8a1f4\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. </p><p>“It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”</p><p>Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. </p><p>But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. </p><p>As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d2328eccac99f75dcb1faa28ec8c262d\" tg-width=\"1200\" tg-height=\"675\"/></p><p>In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. </p><p>The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.</p><p>“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. </p><p>Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. </p><p>“We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said. </p></body></html>","source":"bnn_bloomberg_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen It Comes to Chinese Equities, the Dominant Feeling Has Turned to Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-30 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","PDD":"拼多多","NIO":"蔚来","09988":"阿里巴巴-W","TCOM":"携程网"},"source_url":"https://www.bnnbloomberg.ca/business/international/2024/09/29/hedging-goes-out-the-door-with-burst-of-china-stocks-euphoria/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2471891967","content_text":"Relative cost of HSCEI medium-term protection slumpsChina stock ETFs in the US also see surge in bullish options(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. The nation’s bazooka stimulus announced last week has pushed a gauge of Chinese stocks traded in Hong Kong to its best weekly surge in almost 13 years, putting it on track to become one of the world’s biggest gainers for 2024. What’s more, market participants chasing the rally have sent the cost of volatility hedges over the next month spiking to a two-year high relative to six-month contracts, indicating confidence for the medium term. In just a few days, China boosted measures to spur everything from consumer spending to the housing market and local equities. The Hang Seng China Enterprises Index, which earlier this month was barely up for the year, rebounded more than 22% in 11 consecutive days, its longest streak of gains since its glory days of 2018. “It seems like this time the Chinese government feels the urgency to change,” said Michael Oh, a San Francisco-based portfolio manager at Matthews Asia. “The rally can continue if investors are convinced that the Chinese government will continue to support the market. The Chinese market was just too cheap.”Shares of the nation had been struggling as a slew of disappointing economic data had made investors skeptical it would meet its annual expansion target of 5%. Earlier this month, the China Enterprises index’s valuation came close to 7 times estimated earnings for the next 12 months — compared with more than 8 times for the five-year average. But everything changed last week. China cut interest rates, the banks’ reserve ratio and borrowing costs; pledged billions of dollars to boost equities; announced handouts to spur consumer spending; and even rolled out support to local milk production. As stocks rallied, protecting against declines in the China Enterprises gauge became the cheapest since 2015 — the year the gauge reached a multiyear high. At the same time, the number of bullish contracts outstanding hit its highest level since June relative to bearish ones. In the US, where investors including billionaire David Tepper were among those buying Chinese securities, trading of options on exchange-traded funds tracking the Asian nation’s stocks surged. Bullish bets dominated, with some early call buyers taking profits later in the week and others rolling positions through call spreads. Trading of short-term contracts on American depositary receipts of Chinese companies was bullish. The sudden spike in volatility could reverse if the rally peters out, warned Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.“Investors looking to hedge the move via buying puts should be very careful of a situation where prices pull back but implied volatility levels also drop, severely limiting gains on long puts even if the underlying drops,” he said. Buying put spreads, protective collars or overwriting to reduce exposure makes more sense, he added. Marc Franklin, senior portfolio manager for asset allocation at Manulife Investment Management, says that even though concerns remain over the mainland’s economy in the longer term, now optimism prevails. “We expect a meaningful short-term rally in Hong Kong and China stocks markets owing to the very cautious investor positioning, which creates the potential for a sharp short-covering led bounce,” Franklin said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":354947619987840,"gmtCreate":1727666608970,"gmtModify":1727666612670,"author":{"id":"4108879863251380","authorId":"4108879863251380","name":"Sunshinekim","avatar":"https://community-static.tradeup.com/news/4aa06f704f2b302b4af731a1567add49","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4108879863251380","authorIdStr":"4108879863251380"},"themes":[],"htmlText":"Let the Bull Run!👍","listText":"Let the Bull Run!👍","text":"Let the Bull Run!👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/354947619987840","repostId":"1131760142","repostType":4,"repost":{"id":"1131760142","pubTimestamp":1727662697,"share":"https://ttm.financial/m/news/1131760142?lang=&edition=fundamental","pubTime":"2024-09-30 10:18","market":"us","language":"en","title":"Chinese Stocks Soar Most Since 2015, Heading for Bull Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1131760142","media":"Bloomberg","summary":"Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ni","content":"<html><head></head><body><ul style=\"\"><li><p>Benchmark CSI 300 Index rises as much as 6.5% on Monday</p></li><li><p>Rally extends after fresh steps to ease housing woes</p></li></ul><p>Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.</p><p style=\"text-align: start;\">The CSI 300 Index jumped as much as 6.5% on Monday, the most since 2015, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest since 2008.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/74800cf957cc5fc0fdaac237ef7debcf\" tg-width=\"763\" tg-height=\"433\"/></p><p>The extended rally came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released Tuesday that also included interest rate cuts, freeing-up of cash for banks, as well as liquidity support for the stock market.</p><p>While the market has experienced several similar-sized rallies in recent years only to plumb new depths, investors are betting the market’s current momentum may be sustainable in at least the near term. In a sign of continued frenzy, combined turnover on both the Shanghai and Shenzhen bourses exceeded one trillion yuan ($143 billion) in a little over 30 minutes since trading began Monday.</p><p>“The pace of the turnaround is clearly reflective of how oversold the market was,” said Charu Chanana, global markets strategist at Saxo Markets. “There is a clear belief that this time is different when it comes to authorities’ support for the markets.”</p><p>Brokerages were among the top gainers, with Citic Securities Co. hitting the 10% daily upside limit. Almost all of CSI 300’s component stocks were in the green.</p><p>The fear of missing out is also spreading offshore, with hedge funds selling US technology stocks and piling into mining and materials firms.</p><p>“I think the euphoric surge that we saw last week in China markets could turn into something more concrete and sustainable because there appears to be a complete policy shift that could finally address the cyclical headwinds of the past 3 years,” said David Chao, a strategist at Invesco Asset Management. “While there may still be debate over how these policy shifts are implemented and whether enough has been done, I think a new direction has been charted.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Stocks Soar Most Since 2015, Heading for Bull Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Stocks Soar Most Since 2015, Heading for Bull Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-30 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131760142","content_text":"Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.The CSI 300 Index jumped as much as 6.5% on Monday, the most since 2015, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest since 2008.The extended rally came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released Tuesday that also included interest rate cuts, freeing-up of cash for banks, as well as liquidity support for the stock market.While the market has experienced several similar-sized rallies in recent years only to plumb new depths, investors are betting the market’s current momentum may be sustainable in at least the near term. In a sign of continued frenzy, combined turnover on both the Shanghai and Shenzhen bourses exceeded one trillion yuan ($143 billion) in a little over 30 minutes since trading began Monday.“The pace of the turnaround is clearly reflective of how oversold the market was,” said Charu Chanana, global markets strategist at Saxo Markets. “There is a clear belief that this time is different when it comes to authorities’ support for the markets.”Brokerages were among the top gainers, with Citic Securities Co. hitting the 10% daily upside limit. Almost all of CSI 300’s component stocks were in the green.The fear of missing out is also spreading offshore, with hedge funds selling US technology stocks and piling into mining and materials firms.“I think the euphoric surge that we saw last week in China markets could turn into something more concrete and sustainable because there appears to be a complete policy shift that could finally address the cyclical headwinds of the past 3 years,” said David Chao, a strategist at Invesco Asset Management. “While there may still be debate over how these policy shifts are implemented and whether enough has been done, I think a new direction has been charted.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186496110989302","authorId":"4186496110989302","name":"jislandfund","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"4186496110989302","authorIdStr":"4186496110989302"},"content":"stimulus working hopefully for longer terms","text":"stimulus working hopefully for longer terms","html":"stimulus working hopefully for longer terms"}],"imageCount":0,"langContent":"EN","totalScore":0}]}