In today’s briefing:
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Index Rebalance & ETF Flow Recap: STAR50, HSCEI, CSI300, KOSDAQ150, Japan Post Bank
- Xpeng – Bold Intentions on Costs and Sales System Provide Some Silver Linings
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
Index Rebalance & ETF Flow Recap: STAR50, HSCEI, CSI300, KOSDAQ150, Japan Post Bank
- There were a bunch of rebalances on Friday across Asia resulting in big flows across multiple stocks and countries.
- The coming week is quieter with no scheduled rebalances – though the KOSDAQ 150 Index rebalance could take place dependent on Kuk Il Paper Mfg (078130 KS)‘s trading resumption.
- Inflows to China and Taiwan ETFs while Korean ETFs had outflows. Market volatility resulted in redemptions from iShares MSCI Emerging Markets (EEM) and IShares MSCI Min Vol Emerging Markets (EEMV).
Xpeng – Bold Intentions on Costs and Sales System Provide Some Silver Linings
- 25% reduction on hardware cost of car production in one year would be remarkable if achieved
- Integrating two sales systems into one is a positive move, but not good enough in our view.
- Mr. He taking direct resposibility of styling design division is a sign that the company acknowledges that it is a key improvement area for estabilishing brand image
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