[HIGHLIGHTS] On June 6, Global X ETFs Covered Call ETFs Continued to Pay Dividends!
[For Hong Kong Investor Only] Global X ETFs launched two covered call strategy ETFs on 29 February 2024 on the Hong Kong Stock Exchange to meet investors' needs for a stable source of income and protection against market volatility. - Ex-Dividend Date: May 31, 2024. This means that if you hold our ETFs before this date, you may have the opportunity to enjoy monthly dividend payments (Distribution is at the discretion of the Manager. Dividend rate is not guaranteed. Distributions may be made out of capital) *. - Dividend Payment Date: June 6, 2024. Covered Call Strategy: This is a strategy that is widely used in the financial markets. With this strategy, we hold a certain amount of the underlying stock asset and sell the corresponding call option at the same time. In this way, we not only
Overview of the Markets The global stock markets experienced significant rallies as investors welcomed a cooler-than-expected US inflation report for April. This led to record highs in the US stock indices and positive performances in European and Asian markets. The report will provide a detailed analysis of the performance across major market segments: US, Europe, and Asia, followed by an outlook and insights. US Market: Record Highs Amid Cooling Inflation The US stock markets celebrated notable gains, driven by a slower-than-expected inflation rate for April. The Consumer Price Index (CPI) rose by just 0.3%, below the anticipated 0.4%. This moderation in inflation boosted investor confidence, propelling major indices to record highs. - Dow Jones Industrial Average: The Dow Jones surged
Market Surge Continues Amid Inflation Data Anticipation
Market Overview The global markets displayed a mixed but cautiously optimistic trend on May 14, 2024, as investors eagerly awaited the upcoming April CPI report. This report is expected to offer insights into the Federal Reserve's future actions regarding interest rates. In the US, major indices closed higher, reflecting investor confidence. European markets remained largely subdued, while Asian markets exhibited mixed reactions, showcasing a blend of optimism and caution. US Markets: Optimism Prevails Dow Jones Industrial Average $DJIA(.DJI)$ : The Dow Jones Industrial Average experienced a solid uptick, gaining 126.60 points to close at 39,558.11, a 0.3% increase. This upward movement reflects investor confidence in the strength of
I. Performance of Global Equity Indices (in US dollars) Source：Bloomberg, 2024/05/06-2024/05/12 II. Key Market Themes i. Favored by capital and entering the market in haste, how much further can the Hong Kong stock market rise? •In the past month, the Hong Kong stock market has shown a remarkable increase, with both the Hang Seng Index$恒生指数(HSI)$ and the Hang Seng Tech Index $恒生科技指数(HSTECH)$ significantly outperforming other major global stock indices. Regarding this, opinions in the market vary. From a valuation perspective, the Hong Kong stock market is currently in a relatively low range. The forward price-to-earnings ratios (P/E ratios) of the Hang Seng Index and the Hang Seng Tech Index are 8.9 and
The recent rally in the Chinese stock market can be attributed to several factors: Positive sentiment from the debut of a Chinese electric vehicle (EV) maker on Wall Street: The successful debut of Geely Group's Zeekr, which ended around 33% higher, has generated optimism and boosted investor confidence in the Chinese EV sector. Changes in reporting of offshore money flows: China's key mainland indices, the Shanghai and Shenzhen exchanges, have started disclosing trading via links with the Hang Seng in Hong Kong once daily. This change in reporting has created a sense of stability and improved sentiment among investors. Better-than-expected financial performance of Tencent Music Group: Tencent Music Group reported a Q1 revenue decline of 3.4%, which exceeded analyst estimates. The growth i
Weekly Recap | HSI Hit 10-Day Winning Streak, Longest in 6 Years!
$HSI(HSI)$ was on a roll last week! After a record 10 consecutive gains last Monday, it surged even higher on Thursday and Friday, closing at 18,963.68 points, just shy of the 19,000 mark!In the news, Bloomberg quoted insiders saying that China is considering waiving the 20% tax on dividends for mainland investors investing in Hong Kong stocks through the Stock Connect program. This is to avoid double taxation between the two regions.CICC predicts that if this tax reduction is implemented, it'll further boost mainland investors' enthusiasm for Hong Kong stocks, especially those with high dividends. It'll give the market a short-term boost and improve liquidity in the long run.As a result, high-dividend sectors like banking saw explosive gains last
I. Performance of Global Equity Indices (in US dollars) Source：Bloomberg, 2024/04/29-2024/05/05 II. Key Market Themes i. Powell denies rate hike option, US economy unexpectedly cools, capital markets regain confidence •In May, the FOMC decided to continue maintaining the current interest rates unchanged. Additionally, Powell's remarks once again leaned dovish, explicitly stating that "the current position is well positioned, and the next rate adjustment is unlikely to be a hike"; not only that, he also played down concerns about recent wage increases, stating that "the Fed does not target wage inflation, but rather price inflation". •Regarding the economy, Powell stated that the current US economy still maintains a robust 3% growth, being quite healthy and completely unrelated to "stagflat
The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, was maintained at 3.45%. Meanwhile, the 5-year rate, a reference for property mortgages, was retained at 3.95% following a record reduction of 25bps in February. Both rates are at record lows, indicating that Beijing is continuing its attempt to spur an economic recovery following weak activity data in March due to headwinds from the property sector, lingering deflation risks, and fragile trade performance. The loan prime rate is a reference interest rate used by banks in China to price new loans to their prime customers. It is set by a group of banks under the guidance of the People's Bank of China (PBOC). The loan prime rate is typically adjusted periodically based on market conditions and monet
Last Week's RecapThe US Market - All major indexes rallied after a deep pullback in AprilThe major indexes started May with a winning week after a deep pullback in April. Friday's weaker-than-expected jobs report bolstered a relatively dovish Fed chief Jerome Powell on Wednesday.Strong quarterly reports from major Dow components also contributed to the week's rally. Particularly Apple, which is up 6% after the company announced a $110 billion share repurchase and a better-than-expected profit. Biotech stock Amgen surged nearly 12% after posting better-than-expected earnings and offering a positive update on an experimental obesity drug.Nonfarm payrolls report showed 175,000 jobs gained in April, below the expectations for 240,000. The unemployment rate edged up to 3.9%, versus 3.8% in the
April Recap | Bull Market is Back: HSI Leads Global Stock Markets!
In April, with flowers blooming and birds singing, Hong Kong stock market is also booming.The $HSI(HSI)$ surged 7.39% in April, ranking first among major global indices, surpassing 20% from its lowest point, entering a technical bull market! Meanwhile, overseas markets like the US and Japanese stocks are in a slump.What's the secret behind Hong Kong stocks' independent rally?Big NewsOn the news side, there's no big news both at home and abroad.Domestically, the import-export data in March declined year-on-year, and profits of industrial enterprises above a designated size also fell, ending the recovery trend since last August.Abroad, the US economy was robust in the first quarter, with core CPI higher than expected, making it unlikely for the Fed t
Hello everyone! Today i want to share some techncial analysis with you! Hope it can help u!1. $Palantir Technologies Inc.(PLTR)$ Breakout w/ a MACD upside cross today..Image2. $SoFi Technologies Inc.(SOFI)$ Just a brutal range this thing has been in for 7 weeks now.Image3. $Alibaba(BABA)$ Over/under that this thing just gets rocked again and doesn't fly through the volume gap?Image4. $HSI(HSI)$ Bear flag breakdown into resistance or monthly falling wedge breakout coming?Image5. $Tesla Motors(TSLA)$ Another "V" bottom in the works?Image6. $Adv
$JD.com(JD)$The $HSI(HSI)$ breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua).I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close.First target would be the 3 year downtrend line (aqua) at $37. After hitting the first target we will implement a trailing stop loss strategy at $34. The goal is to keep all profits but also play the larger breakout above the downtrend line (aqua).Second Target would be a gap fill around $51 see chart here.Stop Loss: $28Profit Target 1: $3
Is investor sentiment back in Hong Kong? HK markets have experienced 17 straight days of net inflows. $HSTECH(HSTECH)$ is up 7% in the past 5 days, outperforming the $S&P 500(.SPX)$.Below are latest comments from some profeesional gurus in the Tiger Community:1. @Adam Khoo, he gave his forecast for $HSI(HSI)$ as below: “After 6 bullish days in a row and after breaking above trendline resistance , the China $HSI(HSI)$ is on the cusp of a new Bull Market. VA bull market is defined as price CLOSING 20% above the bear market low.If the HSI can close above 17,755, it
Weekly Recap | HSI surged 8.8% in 5 Days, the biggest gain since October 2011!
The past week has been an exciting one! The $HSI(HSI)$ has surged for five consecutive trading days, posting an impressive 8.8% weekly gain, marking the biggest surge since October 2011!On the news, there were no major positive announcements last week, and even some bearish news came from abroad. For instance, the US core PCE price index grew 3.7% in the first quarter, higher than the expected 3.4%. The market repeatedly pushed back the timeline for the Fed's rate cut in 2024, and the US stock market performed moderately last week.But the Hong Kong stock market didn't seem to be fazed at all. Internet giants like $TENCENT(00700)$$Tencent Holding Ltd.(TCEHY)$ an
Technical Analysis: TSLA, ES_F, NIO, SHOP, HSI& BABA
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!1. $Alibaba(BABA)$ Which way does this breakout? We've only been waiting like 4 months for this thing to have a pulse.Image2. $HSI(HSI)$ Got a double breakout this week.. the coming weeks may finally get quite interesting.Image3. $Shopify(SHOP)$ Interesting setup going into earnings on May 8th.Image4. $NIO Inc.(NIO)$ Outside bar/bullish engulfing this week. The December pivot VWAP zone ranging from $5.60-$5.93 into May is potential resistance if this decides to move big.Image5. $E-mini S&a
Weekly Recap | The HSI tumbled amidst a never-ending Black Swan!
The Hong Kong stock market performed poorly with $HSI(HSI)$ down 2.98% last week, hovering dangerously close to the 16,000-point mark.On the news, it's a mix of internal and external troubles:On April 16th, the National Bureau of Statistics released data showing that GDP for the first quarter hit 29.6 trillion yuan, a whopping 5.3% growth that surpassed analysts' expectations. But the real estate sector continues to deteriorate. Newly constructed commercial housing sales area fell 19.4% year-on-year, and sales value dropped 27.6%.Overseas, Fed Chairman Powell said that the US economy is strong in most respects, except that inflation hasn't yet reached the central bank's target. He also pointed out that the world's most important central bank is unl
Global markets displayed a mixed performance. US stocks finished mostly in the red, driven by concerns over rising Treasury yields and lingering inflation. European markets showed resilience, buoyed by strong eurozone construction activity, while Asian shares advanced despite negative cues from Wall Street, reflecting regional optimism. Investors continue to navigate potential opportunities and risks across different markets. United States: US stocks finished the day mostly in negative territory on Thursday, as rising Treasury yields stoked concerns over the potential for persistent inflation and the possibility that the Federal Reserve may slow down on interest rate cuts. The S&P 500 index slipped by 0.2%, closing at 5,022. Similarly, the tech-heavy Nasdaq composite dropped 0.5%, end
past year, the Federal Reserve has continued to rate hike, and the recovery of the macro economy is uncertain, which has made the overall performance of the Hong Kong stock market weak, which has further exacerbated the uncertainty of the Hong Kong stock IPO market.