Stock ETFs with abnormal movements! Pre-market trading led by China concept stocks ETFs! Leveraged 3 times to long FTSE China ETF surged over 18%, leveraged 2 times to long CSI 300 ETF surged over 12%.
On Wednesday, October 2nd in pre-market trading, US-listed Chinese concept stocks ETF led the gains, triple leveraged FTSE China ETF rose by 18.26%, double leveraged China internet-related stocks ETF rose by 14.14%, and double leveraged 300ETF rose by 12.29%.
Chinese concept stocks experienced a "short squeeze" with short sellers losing nearly $7 billion.
Despite the recent rise in Chinese stocks listed in the US, the short sellers are not eager to close their positions. If the market continues to rise, analysts expect a significant short squeeze to further boost stock prices.
Express News | US stock night trading: Chinese ETF surges non-stop! 3 times long on the rich China ETF, up more than 14%
Express News | US stocks night session: china concept stocks gain expanded, ke holdings rose more than 11%.
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Express News | US-listed Chinese stocks continued to rise, with the Nasdaq China Golden Dragon Index up nearly 6%.
Shorts liquidation! Foreign funds crazily rushing into call options, the slogan of 'bullish on China' echoing on Wall Street.
Last week, everything about the Chinese stock market seemed to have changed. Looking at the international markets, the Wall Street investment banks and hedge fund institutions, who have long been cautious about the Chinese stock market, suddenly turned overwhelmingly bullish on Hong Kong stocks and A-shares, with a collective voice of "long China" echoing through Wall Street.
Shares of US-listed Chinese Companies Are Trading Higher on Continued Strength Amid Stimulus Efforts. September PMI Data Beat Estimates but Factory Activity Fell, Which May Raise Stimulus Hopes.
Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
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US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
Shares of US-listed Chinese Companies Are Trading Higher Possibly Amid Continued Strength Following a Report Suggesting China Will Issue up to $284 Billion of Sovereign Debt as Part of a Stimulus.
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
Foreign capital unanimously bullish! Morgan Stanley, Goldman Sachs support the Chinese stock market, hedge fund tycoons shout out: buy all Chinese assets.
①Morgan Stanley believes that, from a technical perspective, the China CSI 300 Index may still have about 10% upside potential in the short term; ②Goldman Sachs said that once the US election is over, the Chinese stock market should be an important part of investors' investment plans; ③Hedge fund legend David Tepper said he didn't expect such a strong policy stance from China, and he will buy all Chinese assets.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
What happened tonight? Major policy bullish surprise, foreign capital collectively optimistic, china assets booming!
On the evening of September 26, Chinese assets soared, with Chinese concept stocks, China assets etf, ftse china a50 index futures, Hang Seng index futures, and RMB exchange rates all skyrocketing.