China FOMO Trade
China Trade
there is an interesting dynamics playing out in RMB FX market, markets have been too strong on CNH whilst most recent CNY fixing was nearly 300 pips lower than CNH’s current market pricing.
with Chinese national teams not selling into the rally like how they used to do, make me wonder A-share and H-share/ADR are going to diverge in performance next few sessions simply due to FX impact and assumed all else equal.
more specially so, Shanghai and onshore markets overall will likely outferform offshore HK/ADR market.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment