🚨 Capture the moves in HSI ahead of today’s press briefing by China’s housing minister
• Hong Kong shares have been on a roller-coaster ride, with the benchmark Hang Seng Index roaring to its highest level since February 2022 in early October, before its 11% drop since.
• The pullback came as investors' high expectations for a "fiscal bazooka" fizzled out after Chinese authorities showed reluctance to issue strong fiscal stimulus to revive domestic demand.
• China's policymakers however, are now allowing proceeds from the issuance of special bonds to be used for housing purchases, and there has been new tax-oriented policies to support housing demand announced too. Today's press briefing on housing comes just before tomorrow's China GDP release at 10AM.
• Investors who wish to gain leveraged exposure to the HSI may do so via our warrants. Bullish investors may consider our focus call warrants HSI-CWAG and HSI-CXY, while bearish investors may consider our focus put warrants HSI-HWO and HSI-HZO.
• View their live matrix here.
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