bullish
HKEx (388.HK): Aftermath of Epic Short Squeeze of Nickel Future
Roger has highlighted this Insight as a Top Pick
470 Views16 Mar 2022 03:14
SUMMARY
- LME Nickel future trading will be resumed on March 16 after its epic price surge before halting; the focus will be on safe reopen as more restrictions will be applied
- The trading suspension benefits Chinese billionaire behind Nickel short position, who has secured bank lending in past few days. The angry parties are mainly hedge fund and financial investors.
- We remain bullish on HKEX (388 HK) with the view that China economy will likely rebound in 2022, which will drive the rebound of IPO activities and trading volume.
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Roger Xie
China and US Equity Analyst
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