Boosted by the favorable combination of Chinese policies, late at night, Chinese assets in the US stock market opened high and rose, with their gains expanding.
3 times long, FTSE China ETF rises nearly 30%
The three major US stock indices collectively closed higher, with the Dow Jones Industrial Average up 0.2%, the Nasdaq up 0.56%, and the S&P 500 index up 0.25%,
Chinese concept stocks have surged across the board. The Nasdaq China Golden Dragon Index rose over 9%, marking the largest daily increase since 2022. Bilibili rose over 17%, Tencent Music rose over 16%, iQiyi rose over 14%, JD.com rose over 13%, Xiaopeng Motors, Weibo, NIO, Ideal Auto, Pinduoduo rose over 11%, Manbang rose over 10%, Vipshop and NetEase rose over 8%, Alibaba and Baidu rose over 7%,
The offshore Chinese yuan rose nearly 500 points against the US dollar in late trading in New York, recovering from the 7.01 mark and now trading at 7.00991, continuing to hit a 16 month high.
The A50 futures index continues to soar. On the basis of a daytime increase of over 6%, the FTSE A50 futures continued to rise at night, closing up 2.69% at 12324 points.
FTSE China's ETF Direxion closed up nearly 30%, Shanghai and Shenzhen China's Internet stock ETF Direxion rose more than 21%, Kraneshares China's overseas Internet ETF rose more than 10%, and China's large cap ETF iShares rose more than 9%.
Options revive the myth of sudden wealth
Previously, the A-share market experienced a rare upward trend in recent years today, especially a further surge after the afternoon opening, with the Shanghai Composite Index rising more than 100 points during trading.
As of the close, the Shanghai Composite Index and Shenzhen Component Index have risen by over 4%, the ChiNext Index has risen by over 5%, and over 5100 stocks in the A-share market have risen. The Hong Kong stock market also surged, with the Hang Seng Index closing up over 4% and the Hang Seng Technology Index rising nearly 6%.
In this context, call options have skyrocketed across the board, breaking out of a market that has been recorded in history.
Partial option premiums have increased by a hundredfold, reproducing the post apocalyptic effect. Nearly 50 ETF options and stock index options, including the CSI 300, SSE 50, CSI 500, and ChiNext, have seen a surge of over 10 times.
Among them, the 50 ETF option purchase of September 2400 contract closed up 239 times, the Shanghai and Shenzhen 300 ETF purchase of September 3400 contract closed up 164 times, and the Shenzhen and Shenzhen 300 ETF purchase of September 3453A and 3500 contracts rose more than 100 times, up 145 times and 118 times respectively.
Meanwhile, influenced by positive news, the implied volatility of options has rapidly increased, with the implied volatility of 50 ETF options rising from 13.3% to 16.43%; The implied volatility of ChiNext ETF options increased from 21.41% to 23.71%. The increase in volatility is also one of the reasons for the significant rise in option premiums.