Options trading gathers momentum after record level of activity
By Bloomberg | China Daily | Updated: 2014-11-26 06:43
Investors keep the faith, despite disappointing start to Shanghai-HK Stock Connect, reports Bloomberg.
Options traders keep finding new reasons to get bullish on Chinese stocks.
First an acceleration in government spending sent the biggest Chinese exchange-traded fund in the United States to a three-year high in September. After that rally faded, bulls turned their attention to the Shanghai-Hong Kong Stock Connect. When inflows as the link debuted last week proved disappointing, optimists were redeemed by China's surprise interest rates cut.
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