😱 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
Sometimes things come at you fast: MSCI China now outperforming MSCI USA year to date
Source: Louis-Vincent Gave, Gavekal
😱Yesterday's China equity market performance in one chart !!!
Below is a heat map of today's returns of the 2,230 stocks which belong to the Shanghai Composite index... Not a single one was down (the worst one was actually flat). And 10 stocks gained more than 20%... Source: Oktay Kavrak, CFA
JUST IN 🚨 : Extreme Greed returns to the Stock Market for the first time since March 🤑 🤑🤑
Source: Barchart, CNN
It's a bull market baby...
Some amazing statistics for the sp500 Q3 performance as highlighted by Grant Hawkridge on X 👉 S&P 500 closed Q3 at 5.4% 👉The average stock in Q3 was 9.2% 👉394 stocks were positive in Q3 👉109 stocks were negative in Q3 👉337 stocks outperformed the S&P 500 in Q3 These are the things you tend to see during bull markets...
September is in the books!
Source: Trend Spider
China's Stock Market Today as China’s factory activity contracts less than expected in September.
1. Chinese stocks up 6% today and 18% in 5 days 2. Beijing 50 index posts RECORD 15% intraday jump 3. RECORD 1 trillion Chinese Yuan traded in 30 minutes 4. Brokerages open 24/7 to accommodate retail traders 5. Commerce Ministry says it will "improve policy effectiveness" 6. Chinese brokerages crashing due to high traffic China up 25% in just over 2 weeks. Source: The Kobeissi Letter, David Ingles, Bloomberg
Nikkei is DOWN -4% following Ishiba's victory
The background: On Friday (after the close of Japan's markets) Ishiba, a 67-year-old former defence and agriculture minister, was elected LDP president on his fifth attempt and will succeed Fumio Kishida as Japan’s prime minister after a parliamentary vote on October 1 Immediately after Ishiba’s victory was declared on Friday, the yen surged more than 1 per cent against the dollar on market perceptions that he would not resist efforts by the Bank of Japan to normalise monetary policy and to push ahead with interest rate increases. Japanese equities had risen earlier on Friday amid expectations that one of Ishiba’s more market-friendly rivals would win. But Nikkei 225 now slumps more than 4 per cent as a response to the stronger yen.
