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HSI proves resilience with last week’s 1.7% recovery

Warrants Commentary (20 to 24 Aug)

Once again, structured warrants over the volatile Hong Kong Hang Seng Index (HSI) were favored by investors last week, due in part to the slower week on the local front in view of the Hari Raya Haji public holiday and the school holidays. The volatile futures regained 1.7% week-on-week (w-o-w) to close at 27,595 last Friday after suffering a steep 3.8% w-o-w decline the previous week. Continue reading HSI proves resilience with last week’s 1.7% recovery

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Troubled week for HSI futures with 4-day decline

Warrants Commentary (13 to 17 Aug)

The volatile Hang Seng Index (HSI) futures suffered a bad start last week, parting with gains from the previous week.  In line with US markets, the HSI futures plunged 346 points or 1.2% on Monday, with the decline continuing until Thursday, where the futures almost closed below the 27,000 level.  The huge decline since June 2018 Continue reading Troubled week for HSI futures with 4-day decline

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Trade tensions back to haunt the Hang Seng Index

Warrants Commentary (30 Jul to 3 Aug)

Last Wednesday (1 Aug), US President Donald Trump threatened to increase tariffs on USD200bil. worth of Chinese goods to 25%, more than double the tariff that was initially planned. The White House said that the proposed tariffs adjustment is intended to pressure China into changing its trade policies. China had again warned that it would retaliate if the US went ahead with the plan (1 Aug, BBC). Continue reading Trade tensions back to haunt the Hang Seng Index

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Equity markets end the week in the green

Warrants Commentary (23 Jul to 27 Jul)

Global equities had a turnaround performance last week, driven by strong earnings reported by US tech companies such as Google parent Alphabet, Biogen and others. Further, last Wednesday, President Trump and European commission president Jean-Claude Juncker agreed to start talks in reducing tariffs and other trade barriers related to industrial goods, apart from cars and car parts (Financial Times, 26 July). The S&P 500 Index was up 1.3% from the previous Friday to 2,837.4 points (at the time of writing). Continue reading Equity markets end the week in the green

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Trade tensions caused ripples across markets

Warrants Commentary (9 Jul to 13 Jul)

Although trade tensions between the US and China continued to intensify, the S&P 500 was green for most of last week, with the S&P 500 futures rising 1.3% week-on-week (w-o-w) to 2,800.0 (at the time of writing) on the back of strong earnings outlook for major American corporations and banks, which are expected to report their second-quarter earnings on Friday (US time). Continue reading Trade tensions caused ripples across markets

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HSI warrants still investors’ top pick in sluggish markets

Warrants Commentary (2 Jul to 6 Jul)

Despite the shorter trading week for the Hang Seng Index (HSI) due to closure of the Hong Kong market on Monday (2 Jul) for a public holiday, the warrants market still managed to cinch a respectable turnover of RM813.3mil., 9.7% of the broader market within Bursa Malaysia. The HSI warrants turnover made up 81.8% of total warrants turnover at RM665.5mil. traded. Continue reading HSI warrants still investors’ top pick in sluggish markets

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Trading in HSI warrants surged in sluggish market

Warrants Commentary (25 Jun to 29 Jun)

Asian equities markets extended their weak performances last week as the US-China trade war continued to escalate, with the Trump administration seeking further restrictions on the Chinese involvement in the US economy. This time around, US President Donald Trump plans to block firms with at least 25% Continue reading Trading in HSI warrants surged in sluggish market

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Warrants over HSI a whopping 74% of turnover

Warrants Commentary (4 Jun to 8 Jun)

Warrants over the Hang Seng Index (HSI) continued to be the focus of investors as it racked up close to 74% of the total RM756.5 mil. traded last week.  The HSI futures were positive for most of the week, with a strong 1.7% start on Monday.  The volatile futures continued on its upward momentum up until Thursday, where it closed at Continue reading Warrants over HSI a whopping 74% of turnover

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Index warrants comprised 70.5% of warrants turnover

Warrants Commentary (28 May to 1 Jun)

Global markets were down following various geopolitical events,  with the Trump administration saying that it would move forward with plans for tariffs on metal imports from the European Union, Canada and Mexico, at its forefront. In addition Continue reading Index warrants comprised 70.5% of warrants turnover