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Home News Macro

Market Bulls Rejoice: Hong Kong Stocks and Options Align for Gains

by Team Lumida
October 2, 2024
in Macro, Markets
Reading Time: 3 mins read
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Key Takeaways

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  1. Hang Seng surged 16% in five days, the biggest rally in two years.
  2. China’s stimulus measures drive bullish sentiment and market gains.
  3. UBS forecasts further Hang Seng gains, raising its year-end target by 4.6%.

What Happened?

For six consecutive days, Hong Kong’s Hang Seng Index and its associated volatility index moved in the same direction. Historically, this synchronization led to a 30% surge in the Hang Seng within two months. The Hang Seng recently saw a 16% rise over five days, its largest rally in over two years.

Concurrently, China’s CSI 300 Index marked its best daily gain since 2008, closing in a bull market. This surge followed China’s announcement of various economic stimulus measures, including interest rate cuts and reduced bank reserve requirements.

Why It Matters?

This synchronized movement between the Hang Seng and its volatility index signals a strong bullish sentiment. Historically, such patterns have preceded significant market gains. China’s aggressive economic stimulus, such as billions of dollars to support equities and relaxed homebuyer rules, has further fueled investor optimism.

Gary Dugan from Global CIO Office noted, “The Chinese authorities are doing everything that they said they wouldn’t do.” This shift in policy could lead to sustained market rallies, reversing previous fiscal discipline and real estate sector reset plans.

What’s Next?

Given the current bullish sentiment, investors are closely monitoring the Hang Seng and its volatility index, which have shown a record correlation this year, moving in unison on 49% of days. UBS Group AG has increased its year-end target for the Hang Seng to 22,100, suggesting more room for gains.

Global funds, which had reduced their China exposure, are now poised to re-enter the market. Chen Jun Yu from Value Partners anticipates significant capital inflows, predicting a mid to long-term rally in China’s equity market. Investors should watch for continued economic policy updates and market reactions to gauge further investment opportunities.

By understanding these trends and historical patterns, you can better position yourself to capitalize on potential market movements.

Source: Bloomberg
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018