🧮Asian markets on the move
🎎The Nikkei 225 Index (NIKKEI) is down 1.8% this afternoon, with the SGX Nikkei 225 September futures currently trading 2.3% lower at 37,170 as at 2:30pm, as the Yen rebounded against the greenback, weighing on technology and exporters stocks.
•Investors may gain leveraged exposure to the Japan market with Macquarie's focus NIKKEI call (NIKKEI-CI and NIKKEI-CH) and put warrants (NIKKEI-HE). Check out their live matrix here.
💹Shares of S P Setia (SPSETIA) traded higher this morning, closing off the earlier session with a 4.6% gain, following a positive boost as the company addressed concerns surrounding its RM101mil loss reported in its 2Q24 results from its 40% owned Battersea Power Station project (Business Today, 19 Aug).
🩸Meanwhile, shares of Top Glove Corporation (TOPGLOV) are up 6.3% in the AM session as investors turned to glovemakers amid hopes of increased demand for medical products following the news of monkeypox being declared an international health emergency for the second time on 14 August (TheEdge, 19 Aug).
•Investors who wish to gain leveraged exposure to SPSETIA and TOPGLOV may do so via our call warrants, SPSETIA-C81 and TOPGLOV-C4G. The bid price of SPSETIA-C81 has surged 40% this morning following the moves in its underlying, while TOPGLOV-C4G has gained over 18% with close to 1.2M units net bought by investors. View their live matrix here.
🛒JD.com, Inc. (JDCOM) shares rallied another 4.3% to HKD112.90 as of the time of writing on the back of earnings that surpassed expectations. We highlighted JDCOM's earnings last Friday - it appears that JDCOM's most profitable quarter yet continues to provide positive momentum to JDCOM shares, which has gained 13.5% in two days. During this period, call warrant JDCOM-C22 rose 150% to RM0.050 while put warrant JDCOM-H9 fell 37.9% to RM0.090. View their live matrix here.
🥇Gold prices dipped slightly on Monday after surging to an all-time high last Friday on the back of expectations that the Fed will cut interest rates in September (CNBC, 19 Aug). The SPDR® Gold Trust (GLDHK; 2840 HK) is up 1.6% to HKD1,802 as of the time of writing, 3.1% higher month-to-date. The call warrant GLDHK-C3, with an effective gearing level of 7.5 times, is up 10.0% today, tracking the underlying's increase accordingly. Find out more about the GLDHK here. View GLDHK-C3's live matrix here.
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