📰 LATEST NEWS: China announces another rate cut amid slowing growth
▪️ Bloomberg reported at 930AM this morning that China’s central bank has lowered the 14-day reverse repo rate to 1.85% from 1.95% previously.
▪️ China's rate cut comes on the back of the start of monetary easing in the US
▪️ The China-related Hang Seng Index September futures is currently up 0.6% to 18,396 - its highest level in 3-months, while the Hang Seng Tech Index September futures is up 1.4% to 3,756 (all as of 940AM)
▪️ Investors keep to trade the volatility in the HSI or HSTECH may wish to consider using HSI or HSTECH warrants which move in greater magnitude than the underlying futures whilst requiring a low capital outlay.
ℹ️ For example, Macquarie's trending HSI call warrant WZOW (https://warrants.com.sg/tools/warrantterms/WZOW) is up 136% to SGD 0.052 since 11 September when the HSI started trending upwards for 7.6%. Trending HSTECH call warrant (https://warrants.com.sg/tools/warrantterms/WLXW) is up 64.8 given the HSTECH's +8.4% increase since 11 September
🔎 Investors should however note that the magnifying/gearing effect works both ways, with the trending HSI (https://warrants.com.sg/tools/warrantterms/MCYW) and HSTECH put warrants (https://warrants.com.sg/tools/warrantterms/9GDW) down 70% and 66% respectively over the same period
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The official account of Macquarie Warrants Singapore
Macquarie Warrants Singapore is an issuer and market-maker in Macquarie warrants listed on the SGX.
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