bullish
HKEx (388.HK): Nickel Short Squeeze Saga Backlash over LME Credibility
Roger has highlighted this Insight as a Top Pick
642 Views08 Apr 2022 23:32
SUMMARY
- The bailout of Chinese billionaire's nickel short position has received overwhelm backlash over LME's credibility and China's interference on global market. Nickel future trading continued to be choppy.
- HKEX (388 HK) first 3-month average daily turnover is down 35% year-over-year due to pandemic outbreak in HK and lower IPO activities, but March trading activities have rebounded from February.
- HKEx revealed New Digital Assets Marketplace "Diamond" in its corporate day in March, which will feature atomic settlement, multi-asset trading, use of Smart Contracts and cloud-based infrastructure.
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Roger Xie
China and US Equity Analyst
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