What is the market volatility regulation mechanism (VCM)
When the price of the stock / futures contract reaches the trigger price range, the market volatility regulation mechanism (VCM) will be triggered, starting a five-minute cooling-off period, so that the transaction will be limited to the specified price limit, and the normal transaction will be restarted in 5 minutes.
Trigger price range Securities market: reference price changes by more than ±10% Derivatives market: reference price changes by more than ±5% Reference price: last transaction 5 minutes ago
Market scope Hang Seng Index of State-owned Enterprises Index (81 at present) and related index futures contracts (currently 8).
Applicable time period Applies only to continuous trading periods, excluding 15 minutes in the morning and the first 15 minutes in the afternoon and the last 15 minutes in the afternoon. During the 5-minute cooling-off period, the transaction price can only be within the trigger price limit, that is, ±10% / ±5% of the reference price (depending on the market).
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Big Tech’s earnings season kicks off: How will market react?
🎙️ Discussion: 1. Can Big Tech earnings lead all sectors higher again? 2. How will the tech giants be affected by the "Trump Factor"? Show More
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Moomoo News Global
Jan 16 15:21
What You Need to Know Ahead of Big Tech Earnings
Next Monday (January 20, 2025), with the official return of Trump, the U.S. stock market officially enters the "Trump 2.0 era." Following closely, on January 21, Netflix will be the first to release its earnings report, officially kicking off a new round of earnings season for U.S. tech stocks. Looking ahead to this earnings season, global investors are once again focusing on the U.S. stock market's tech giants—$Apple (AAPL.US)$,$Microsoft (MSFT.US)$, ...