CNCURRENT FTSE China A50 Index Futures Current Contract
- 13489
- +200+1.51%
FTSE China A50 Index Futures Current Contract News
A-shares and Hong Kong stocks are rising, interbank bond yields are generally declining, and the yield on 10-year government bonds has fallen to 1.6645%.
The yield of the 1-year government bond 200013 decreased by 7.5 basis points to 0.94%, the yield of the 10-year government bond 240011 decreased by 3.05 basis points to 1.6645%, and the yield of the 30-year government bond 2400006 decreased by 2.75 basis points to 1.92%.
Real Gold and Silver have arrived, reaching a nearly nine-week high!
The competition is intense.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
China to Lift Fiscal Spending to Boost Economy
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
After 14 years, the monetary policy is once again proposing "appropriate easing". How will this affect the stock and bond markets? Public funds are analyzing late at night.
① Beyond the key points, public offerings and brokerages interpreted policy details late at night; ② Looking ahead to next year for A-shares, institutions expect a resonance between sentiment and capital; ③ Regarding the bond market, institutions have a clear bullish perspective.
Express News | China Signals Major Policy Shift: Hang Seng and Chinese Stocks Rally on Easing Measures
FTSE China A50 Index adjustment: Naura Technology Group (002371.SZ) is included, while Huaneng Lancang River Hydropower Inc. (600025.SH) is removed.
The change will take effect after the business closes on Friday, December 20, 2024.
Are Wall Street traders starting to layout A-shares? Unusual bullish bid in the options market for two consecutive days.
① On Monday, over 0.2 million call options for Direxion Daily CSI 300 China A Share Bull 2X Shares (CHAU) were bought; ② The options trading volume of this etf is usually quite low, with daily transactions often only in the hundreds to thousands. Therefore, the sudden emergence of 0.2 million single-day options large trades is extremely rare.
US Morning News Call | Trump Shifts Stance on Strong Dollar; Tesla Launches New Version of Self-Driving Software
China International Capital Corporation: The A-share market is expected to welcome the "year-end and beginning of the year market."
The "period of twists and turns" may be coming to an end, and the A-shares are expected to welcome the "end-of-year and beginning-of-year market".
Brokerage morning meeting highlights: continue to be bullish on the Chinese stock market with a "confidence reassessment bull market."
At today's brokerage morning meeting, China Securities Co.,Ltd. suggested continuing to be bullish on the Chinese stock market in the medium term with a 'confidence revaluation bull'; Galaxy Securities stated that top real estate companies are showing excellent operational management capabilities and have financial advantages, with the potential to further increase their market share; Citic Sec believes that the fiberglass industry is currently at a great opportunity allocation point.
China has taken the lead! Wall Street strategists: the next "Trump trade" may be outside of the USA.
①When looking to the future, Jay Pelosky, the founder and global strategist of the New York investment consulting firm TPW Advisory, has insights that differ from many mainstream market views; ②He believes that Trump's victory might ultimately serve as an important catalyst - driving the usa market to end its long-standing excellent performance.
Brokerage Morning Meeting Highlights: Subsequent new round of policy deployments will significantly boost market confidence.
At today's brokerage morning meeting, citic sec stated that it is expected that the central economic work conference will continue its proactive attitude towards next year's macro policies, and the subsequent new round of policy deployment will significantly boost market confidence; htsc believes that medical insurance cost control opens up new space for commercial insurance; china securities co.,ltd. proposed that by 2025, four types of investment opportunities in the colored allocation should be focused on.
Goldman Sachs A-shares 2025 Heavyweight Strategy Outlook: Domestic funds will grasp pricing power! Overweight A-shares before H, industry focus on consumer stocks!
Goldman Sachs believes that compared to Hong Kong stocks, A-shares are more sensitive to policy easing and personal investment capital flows. The first quarter of next year will be a better time to allocate to Hong Kong stocks. In terms of sectors, analysts recommend that investors pay attention to themes such as consumer, emerging markets exporters, specific new technologies, and shareholder return strategies.
A-shares and Hong Kong stocks are up, with the gem rising more than 1%, led by photovoltaics, chips, and non-ferrous metals.
PV concept stocks in A-shares rose at the beginning of the market, Suzhou Good-Ark Electronics hit the limit up, Sungrow Power Supply, Deli Technology rose more than 6%, Ginlong Technologies, Suzhou Maxwell Technologies, and Orise Technology quickly followed the upward trend.
Schroder: China is actively promoting economic growth in conjunction with the usa's moderate interest rate cut outlook, improving investment prospects in asia.
Schroders' Chief Investment Officer of Diversified Assets, She Kangru, stated that looking ahead, Schroders remains optimistic about the overall fundamentals of the Asian bonds market, especially after the bond index has undergone adjustments with lower quality companies being excluded, particularly high-yield real estate firms.
China Securities Co., Ltd.: A-shares should be accumulated when the price drops, avoiding micro-trading speculation.
In October, M2 and other financial data were better than expected, and expectations for interest rate cuts and reserve requirement ratio reductions remain. Liquidity is expected to remain ample; signs of improvement in the fundamentals have emerged, and a continued gradual recovery is anticipated. Moreover, there are still expectations for incremental policies, although there is a time lag between the implementation of policies and the confirmation of fundamentals, while the market often leads the fundamentals.
Zhongjin: Where does the recent resilience of A-shares come from?
CICC released a research report stating that the impact of the funding situation cannot be ignored in the medium term.
"Smart money" is betting on china becoming a trend: In Q3, the prototype of the "big short" increased shareholding in Alibaba and other Chinese concepts, while the rising fund Keystone established positions in three major etfs.
In the third quarter, the fund under Michael Burry increased its shareholding in Alibaba by 0.045 million shares to nearly 0.2 million shares, doubled its hold positions in jd.com to 0.5 million shares, and increased its shareholding in baidu by 0.05 million shares to 0.125 million shares. At the end of the quarter, it held three Chinese concept stocks valued at 54 million dollars, accounting for 65% of the total fund's stock holdings. Meanwhile, the fund bought corresponding put options for these three Chinese concept stocks to hedge risks.