Hang seng up nearly 9 fu*king percent. This is insane. These moves are just Ludacris. The China A50 index was around 11k on September 19th now at nearly 15,000, up 6% at the moment. the shangai index is closed all week for China national day, however the futures market now showing signs of a market that will open up above 4000 as for Hang Seng Literally a 22 month high days after free stimulus as now the Hang Sneg rockets up like a MEME stock, I'm literally comparing these indexes to MEME stocks, that's what's happening, they are moving at such a speed that it's almost unimaginable whats to come once the free money stimulus stops. Again they are printing money to buy stocks. That's how it's done everywhere to prevent any downside in stocks.
OP should be a millionaire by now. In just a week, China & HK indices are up 30%. Suddenly there are millions of millionaires in China & HK. Now other countries know what to do when the economy is in very bad shape.
no, hkma can’t print money, hkd is tied to usd. lot of money on the sidelines because hkers are not poor bunch. op on the wrong side of the trade?
The largest upside moves are in bear market rallies. I don't know if it is a dead cat bounce or a real recovery but these moves always happen at the bottom. Unless the real Chinese economy recovers this is just another dead cat bounce.