Hong Kong you have a phone call…
Source: Barchart
😱 The shocking chart of the day: Chinese stocks surged by 5.93% while Hong Kong Stocks collapsed by 9.41%, the largest single-day divergence in history 😱
Source: Barchart
If futures are any indication, Mainland Chinese stocks are going through roof at the Tuesday reopen from the week-long holiday.
Source: David Ingles @DavidInglesTV on X, Bloomberg
Goldman: to escape deflation and for the rally to be sustainable, China's M1 has to overtake its M2.
For that to happen, China will need to unleash a historic credit impulse (record new debt creation, launch QE) and global inflationary shockwave. Source: zerohedge
GS: South Africa, Commodity heavy EMs (Peru, Chile), and North Asian equity markets have the highest sensitivity to China growth
Source: Mike Zaccardi, CFA, CMT 🍖, Goldman Sachs
The Kraneshares CSI China Internet ETF $KWEB took in $700m on Wednesday, its biggest inflow ever
Source: Bloomberg, Katie Greifeld
Here's a crazy stat on this Chinese equity rally.
A momentum gauge of the Hang Seng Index just hit the highest level in 50 years. The % of members signalling overbought conditions is at a record. Source: Bloomberg, David Ingles
😱 The shocking chart of the day: a 128% INTRADAY increase for a HK-listed ETF !!!
The China equities rally look unstoppable... 😱 The Hang Seng Tech Index expanded its gains to 9%, while the Hang Seng Index surged by 6%. The FTSE China A50 Index futures rose by over 8%. As shown on the chart below, the HK-listed Science and Technology Innovation Board 50 ETF, surged dramatically, with an intraday increase of 128%. In the previous trading day, it closed with a rise of over 21%. Source: CN Wire
