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Nomura: The rebound wave seems to be sustainable. It is recommended to increase shareholding in Tencent (00700.HK), Trip.com (TCOM.US), Meituan (03690.HK), Alibaba (BABA.US), and pdd holdings (PDD.US) when there is a pullback.
Daiwa's report indicates that most mainland internet stocks covered by the bank have risen by three to five percent since the stimulus measures were announced. Based on discussions with investors, it is determined that there are still multiple rounds of market increase, as several clear signs are observed, including Fear of Missing Out (FOMO) trades, and situations where investors are eager to reduce their exposure to Chinese stocks. While most investors believe that substantial policy driving is needed to rationalize the long-term market turnaround, the bank estimates that the process may take several months, anticipating that investors will take rapid action first to avoid being too late. Daiwa believes that many global long-term investors are eager to reduce their underweight exposure to China, with internet stocks being one of them.
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.
Futu Morning Post | The situation in the Middle East has escalated! US oil and gas stocks rose; BlackRock raised Chinese stock ratings, Chinese assets fervent
China increases subsidies for electric vehicles, tesla is expected to achieve its first quarter sales growth this year; New carmaking forces show strong potential: Li Auto sets a new delivery record with 'Zhiling Xia', nio has delivered over 20,000 vehicles for 5 consecutive months.
Shares of US-listed Chinese Stocks Are Trading Higher on Continued Strength Following Recent Stimulus Measures and Amid the China National Day Celebrations This Week.
Express News | Ctrip: During the first day of the National Day holiday, the ticket sales of scenic spots increased by nearly 40 percent.
Unusual Options Activity: ADP, TT and Others Attract Market Bets, ADP V/OI Ratio Reaches 156.9
EST Sep 30th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.