๐ HSI, HSTECH put warrants clocking early gains after China manufacturing PMI figures
โ๏ธ HSI and HSTECH put warrants are amongst the top put gainers this morning as of 1012AM, as the indices slip 1.6% and 1.9% respectively following PMI manufacturing figures released over weekend showed a contraction for a fourth straight month in August.
๐ That however, was not just it, as China Vanke Co. โ one of China's biggest developers โ reported last Friday evening a half-year loss for the first time in more than two decades, as China's new home prices dropped 26.8% in the month of August, more than July's 19.7% decline
โก๏ธ This morning at 945AM, the Caixin manufacturing purchasing managers index โ the PMI measure for smaller Chinese companies which has tended to show stronger results than the official PMI figures โ expanded to 50.4 in August versus a contraction in July.
โน๏ธ Investors keen to trade the short-term moves in HSI or HSTECH may wish to consider warrants as they move in greater percentages than the September HSI or HSTECH futures index. Interested investors can estimate the % performance of warrants based on their short-term view on the HSI or HSTECH index by using the Warrant Selector (https://warrants.com.sg/tools/selector)
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