Options Scenario That's Led to Hong Kong Stock Gains Is Back [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
Most Read from Bloomberg Only time will tell whether Chinese and Hong Kong markets will climb further, but for now the bull spirits have definitely come out. The Hang Seng surged 16% in the five days through Monday, its biggest rally in more than two years, and China's CSI 300 Index staged its best daily jump since 2008 to close in a bull market. The Hong Kong stocks gauge and volatility index both climbed again on Wednesday after a holiday on Tuesday. China's market stayed closed for the holiday. Also read: FOMO Grips China Stock Buyers on ‘Epic' Trading Day Before Break With China's stimulus spree, the stars may be finally aligning for market bulls. The nation announced a slew of measures to boost its economy — from interest rate cuts to lower bank reserve requirements, billions of dollars to support equities and relaxed rules for homebuyers. The stocks frenzy percolated through the options market, where investors chasing the rally pushed up the price of near-term contracts
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