⚠Market colour: Chinese exports unexpectedly fall in October; HSI -1.1%, HSTECH -2% as of 1125AM

Macquarie Warrants Singapore
11-07

📢China just released October export figures that dropped 1.1% from the previous year. The decline in exports is also China's first this year.

💪Until now, Chinese exports have been resilient this year despite the trade war with the US and uncertainty around global commerce, as other markets made up for drops in shipments across the Pacific Ocean.

⛅With the US reducing tariffs on Chinese goods by 10% from next Monday, it’s possible trade between the world’s two largest economies could see a pickup through the year-end. The effect may prove limited, however, because duties on Chinese goods are still higher than those on products from countries such as Vietnam. (Bloomberg)

🔻The $Hang Seng Index - main 2511(HSImain)$ (HSI) has been trading in the red all morning, and is down more after the news release: -1.1% 0.8% to 26,238 as of 1122AM, while the Hang Seng Tech November futures index (HSTECH) is down 2% to 5,844

✳HSI call warrants such as $HSI 29200MBeCW251230(VTTW.SI)$ (https://warrants.com.sg/tools/livematrix/VTTW) and $HSI 28600MBeCW251127(IZYW.SI)$ (https://warrants.com.sg/tools/livematrix/IZYW) which are down 16.9% to SGD 0.049 and 33.3% to SGD 0.014 are seeing buy flows

✴HSI put warrants such as $HSI 24200MBePW251127(9FCW.SI)$ (https://warrants.com.sg/tools/livematrix/9FCW) which are trading 15% higher to SGD 0.023 and $HSI 25000MBePW251127(QWMW.SI)$ (https://warrants.com.sg/tools/livematrix/QWMW) up 15.4% to SGD 0.045 are seeing holders cash in on today's warrant price gains

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