Top movers alert: index put warrants lead today's decline; Nikkei225 puts jump as much as 82%
As of the morning close at 12PM, Macquarie's index put warrants tracking the Nikkei225, Hang Seng Index and Nasdaq-100 are amongst the top warrant gainers with gains of up to 82% while index calls are down as much as 60% given today's broad market sell off
🚨Notably, the Nikkei225 is leading the Asian sell off, tumbling 4.7% to 64,970 as of 111PM, and had closed at the session low of 64,240 at 12PM
✴Nikkei put warrant WZTW (https://warrants.com.sg/tools/livematrix/WZTW) which is up 49% to SGD 0.142 as of 111PM, is seeing investors sell back 530K warrants
The Asian sell off follows the overnight US market fall ass three headwinds converge
3⃣Namely, the unwinding of the global AI trade, the overnight US CPI which was higher than expected which has revived odds of a US Fed rate hike this month and hawkish Bank of Japan comments by board member Koeda who warned this morning about being "overly cautious" on rate hikes
🇭🇰The Hang Seng Index Oct futures which is trading 1.2% to 24,030 as of 115PM has closed at 23,959 - below the psychological 24,000 level
Investors are buying 1M units of HSI call warrant $HSI 27200MBeCW261230(LVQW.SI)$ (https://warrants.com.sg/tools/livematrix/LVQW) which is down 18% to SGD 0.041 , while 770K units of HSI put ZH5W (https://warrants.com.sg/tools/livematrix/ZH5W) arre being sold back as the warrant trades 18% higher to SGD 0.052
The HSI's relative outperformance suggests that it is absorbing the global inflationary shock and global AI selloff better than most
Investors keen to trade the moves in Asian indices today can consider the below trending warrants
✳ChinaA50 call RIIW: https://warrants.com.sg/tools/livematrix/RIIW
✴China A50 put WFVW: https://warrants.com.sg/tools/livematrix/WFVW
✳HSI call $HSI 26400MBeCW261230(UCUW.SI)$ : https://warrants.com.sg/tools/livematrix/UCUW
✴HSI put $HSI 21400MBePW261230(9XBW.SI)$ : https://warrants.com.sg/tools/livematrix/9XBW
✳Nikkei225 call $NKY 72000MBeCW270312(HXOW.SI)$ : https://warrants.com.sg/tools/livematrix/HXOW
✴Nikkei225 put $NKY 57000MBePW270312(VT9W.SI)$ : https://warrants.com.sg/tools/livematrix/VT9W
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