Thursday , 7 November 2024
Home Forex All eyes on Chinese equities after last week’s bank holidays
Forex

All eyes on Chinese equities after last week’s bank holidays

It’s not everyday that major equity benchmarks move like meme stocks.

Chinese equities have been an a rip since the country came out with their new stimulus plans, and there has been numerous articles of big players rushing in and desperately trying to get some China exposure.

The HK50 below is up nearly 40% since the September lows. Amazing moves.

However, China was away last week for bank holidays, and with China back tomorrow there will be a keen to see how equities trade after the bank holidays.

At some stage markets will take a breather as it usually does, but I’m not in the mood to guess when that will happen, especially not when momentum is this strong.

One to keep an eye on this week though.

This article was written by Arno V Venter at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

FX option expiries for 7 November 10am New York cut

There are a couple to take note of, as highlighted in bold.They...

Dollar gains cool off for the time being

The greenback is seeing some light retracements across the board today, though...

Gold price remains tepid despite a steady US Dollar ahead of Fed decision

Gold price (XAU/USD) extends its losses for the second successive session on...

PBOC governor Pan says will continue to implement supportive monetary policy

Will strengthen communication with marketsTo steadily promote opening up of China's financial...