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2023-02-23

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2023-02-17

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Difference analysis and development reference of domestic and foreign A-share futures

2023-02-07

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2023-01-20

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2022-12-22

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@Seven8:一文讀懂PTP法案對投資者的影響有多大？

2022-12-16

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@小虎通知:重要通知：美國公開交易合夥企業（“PTP”）證券的新稅項

2022-12-16

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2022-12-15

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2022-12-07

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Summary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?

2022-11-27

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@ETF小幫手:ETF追蹤｜美聯儲加息不停，穩穩的抗通脹的資產在哪兒？

2022-11-25

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ETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs

2022-11-01

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@期权小助手:期權組合保證金優惠現已支持備兌組合、垂直價差、日曆價差、跨式組合、保險策略

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22:31","market":"fut","language":"zh","title":"Difference analysis and development reference of domestic and foreign A-share futures","url":"https://stock-news.laohu8.com/highlight/detail?id=2311244919","media":"同花顺财经期货","summary":"港交所挂牌MSCI中国A50期货已有一年多时间，境内外A股相关衍生品的综合使用，成为外资配置A股资产进行风险对冲的重要手段。境内以中金所的股指期货为主以及相关期权合约，境外主要有两种相 ...","content":"<p><html><body><div>MSCI China A50 futures have been listed on the Hong Kong Stock Exchange for more than a year. The comprehensive use of domestic and overseas A-share related derivatives has become an important means for foreign investors to allocate A-share assets for risk hedging. Domestically, the stock index futures of CICC and related option contracts are the main ones, and there are two main related stock index futures overseas: FTSE China A50 Index Futures and MSCI China A50 Futures. By comparing and analyzing the differences of three A-share futures at home and abroad, this paper finds out the reference significance for the development of China's stock index futures market.</p><p>Comparison of overseas A-share futures contracts</p><p>FTSE China A50 Index Futures is a derivative related to China's A-share market listed on the Singapore Stock Exchange. After years of development, it has become an important tool for foreign investors to hedge the A-share market. The tracking target is compiled by FTSE Russell Index Company, and the index adjustment is carried out quarterly, in March, June, September and December every year to ensure that the index can accurately reflect the Chinese market. The FTSE China A50 is usually compared with the SSE 50, but there are certain differences between the two. The overall style of the FTSE China A50 Index is more consumption-oriented, while the overall style of the SSE 50 Index is more big finance-oriented.</p><p>MSCI China A50 Futures</p><p>MSCI China A50 Futures Yes<a href=\"https://laohu8.com/S/00388\">HKEX</a>Derivatives launched on October 18, 2021, this is the first index futures contract related to the A-share market launched by the Hong Kong Stock Exchange, and it is also the first A-share-related stock index futures contract issued overseas approved by the China Securities Regulatory Commission., has been approved and recognized by the regulatory authorities in mainland China. The tracking target is based on 50 stocks screened by MSCI China A-Share Index (parent index). The constituent stocks of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are divided into 11 GICS industries. The two constituent stocks with the highest market value in each industry are selected, and the remaining 28 constituent stocks are selected from the parent index according to the index weight, and the weight of the final selected securities is weighted based on their free float market value weight in the parent index. The overall characteristic is that it reduces the proportion of finance and daily consumption, increases the industry weight of industry and materials, reflects the establishment characteristics of \"heavy industry and light finance\", and can more fully reflect the structure of the A-share market in comparison.</p><p>Comparative analysis of differences between domestic and foreign A-share futures</p><p>SSE 50 stock index futures are important financial derivatives in China. Although all three track the trend of the A-share market, the differences in compilation methods and weight adjustments of their corresponding indexes lead to different representativeness of the three types of index futures. In addition, the futures contract designs of the three are also different. In terms of trading hours, the trading hours of FTSE China A50 futures and MSCI China A50 futures are both 9:00-16:30 on T-day, which completely covers the trading hours of domestic IH. At the same time, night trading is set up, but the time of MSCI China is slightly shorter, but it can also meet the needs of traders in different time zones around the world. In terms of delivery and expiration, the rules of MSCI China A50 futures and IH contracts are completely consistent, which facilitates arbitrage transactions between them; In terms of contract size, according to the index point, multiplier, minimum price change and offshore RMB exchange rate, the amount of 1 lot of IH contract is about 800,000 yuan (2,600 points), with a minimum change of 60 yuan, and 1 lot of FTSE China The unit size of A50 futures is about 90,000 yuan (12,294 points) with a minimum change of 7.13 yuan, and the unit size of one lot of MSCI China A50 contract is about 370,000 yuan (2,106 points) with a minimum change of 35.65 yuan.</p><p>Statistics are made on the correlation between the Shanghai Composite 50 Index linked to the stock index futures of the domestic China Financial Futures Exchange and the FTSE China A50 and MSCI China A50 Index. The data results from 2015 to the present show that the correlation between the MSCI China A50 Index and other indexes is above 0.9, of which the correlation with the Shanghai Composite 50 Index is 0.9615. In contrast, the FTSE China A50 Index has the highest correlation with the Shanghai Composite 50 Index (0.9867). Judging from the correlation coefficient calculated by historical rolling, the correlation between indexes will reach a periodic low point. At this time, due to the difference between the compilation method and the constituent stocks, the index trend will diverge.</p><p>The Reference Significance for the Development of China's Stock Index Futures Market</p><p>Through the comparative analysis of three domestic and foreign A-share futures, FTSE A50 futures and CICC stock index futures were listed earlier and have high market participation. Since the underlying indexes tracked by the two are very close, the risk hedging functions they can provide are highly overlapping. MSCI China A50 futures has been highly recognized by the market since its listing one year ago, with active trading and gradually enlarged trading volume. It has become an important risk hedging tool.</p><p>Since 2003, foreign capital has entered the domestic securities market to buy and sell stocks in the form of QFII. According to the third quarterly report of 2022, the QFII quota reached 717.872 billion yuan, involving 893 stocks. After years of development, QFII has become a benchmark for global capital investment in China. From the perspective of shareholding industries, the layout of foreign capital A-shares has begun to show the characteristics of dispersion, and the demand of various types of industries is constantly rising. Machinery and equipment, medicine and biology, electronics and chemical industry are industries with high shareholding by QFII, which is in line with QFII's insistence on low valuation. The investment style of buying and holding for a long time. As the industries held become more fragmented and the number of movements per period increases, there is an urgent need for index derivatives that can represent different styles of the market to hedge the risk of holdings, and the demand for hedging instruments is increasing day by day.</p><p>In addition, another important way for foreign capital to enter the domestic securities market is Land Stock Connect. In the past two years, the A-share market has fluctuated and declined widely, industry performance differences have increased, short-term inflows and outflows of northbound funds have increased, and industry allocations have also undergone significant adjustments. From the perspective of high-low industry style switching and northbound capital inflow shift, complex and changeable market styles lead to industry risk exposure for foreign capital. Diversified market indexes and futures contracts that take into account domestic and foreign trading hours and settlement rules will play an increasingly important role.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Finance (ths518), access more opportunities</strong></p><p><span></span></div></body></html></p>","source":"ths_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Difference analysis and development reference of domestic and foreign A-share futures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDifference analysis and development reference of domestic and foreign A-share futures\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">同花顺财经期货</strong><span class=\"h-time small\">2023-02-16 22:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>MSCI China A50 futures have been listed on the Hong Kong Stock Exchange for more than a year. The comprehensive use of domestic and overseas A-share related derivatives has become an important means for foreign investors to allocate A-share assets for risk hedging. Domestically, the stock index futures of CICC and related option contracts are the main ones, and there are two main related stock index futures overseas: FTSE China A50 Index Futures and MSCI China A50 Futures. By comparing and analyzing the differences of three A-share futures at home and abroad, this paper finds out the reference significance for the development of China's stock index futures market.</p><p>Comparison of overseas A-share futures contracts</p><p>FTSE China A50 Index Futures is a derivative related to China's A-share market listed on the Singapore Stock Exchange. After years of development, it has become an important tool for foreign investors to hedge the A-share market. The tracking target is compiled by FTSE Russell Index Company, and the index adjustment is carried out quarterly, in March, June, September and December every year to ensure that the index can accurately reflect the Chinese market. The FTSE China A50 is usually compared with the SSE 50, but there are certain differences between the two. The overall style of the FTSE China A50 Index is more consumption-oriented, while the overall style of the SSE 50 Index is more big finance-oriented.</p><p>MSCI China A50 Futures</p><p>MSCI China A50 Futures Yes<a href=\"https://laohu8.com/S/00388\">HKEX</a>Derivatives launched on October 18, 2021, this is the first index futures contract related to the A-share market launched by the Hong Kong Stock Exchange, and it is also the first A-share-related stock index futures contract issued overseas approved by the China Securities Regulatory Commission., has been approved and recognized by the regulatory authorities in mainland China. The tracking target is based on 50 stocks screened by MSCI China A-Share Index (parent index). The constituent stocks of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are divided into 11 GICS industries. The two constituent stocks with the highest market value in each industry are selected, and the remaining 28 constituent stocks are selected from the parent index according to the index weight, and the weight of the final selected securities is weighted based on their free float market value weight in the parent index. The overall characteristic is that it reduces the proportion of finance and daily consumption, increases the industry weight of industry and materials, reflects the establishment characteristics of \"heavy industry and light finance\", and can more fully reflect the structure of the A-share market in comparison.</p><p>Comparative analysis of differences between domestic and foreign A-share futures</p><p>SSE 50 stock index futures are important financial derivatives in China. Although all three track the trend of the A-share market, the differences in compilation methods and weight adjustments of their corresponding indexes lead to different representativeness of the three types of index futures. In addition, the futures contract designs of the three are also different. In terms of trading hours, the trading hours of FTSE China A50 futures and MSCI China A50 futures are both 9:00-16:30 on T-day, which completely covers the trading hours of domestic IH. At the same time, night trading is set up, but the time of MSCI China is slightly shorter, but it can also meet the needs of traders in different time zones around the world. In terms of delivery and expiration, the rules of MSCI China A50 futures and IH contracts are completely consistent, which facilitates arbitrage transactions between them; In terms of contract size, according to the index point, multiplier, minimum price change and offshore RMB exchange rate, the amount of 1 lot of IH contract is about 800,000 yuan (2,600 points), with a minimum change of 60 yuan, and 1 lot of FTSE China The unit size of A50 futures is about 90,000 yuan (12,294 points) with a minimum change of 7.13 yuan, and the unit size of one lot of MSCI China A50 contract is about 370,000 yuan (2,106 points) with a minimum change of 35.65 yuan.</p><p>Statistics are made on the correlation between the Shanghai Composite 50 Index linked to the stock index futures of the domestic China Financial Futures Exchange and the FTSE China A50 and MSCI China A50 Index. The data results from 2015 to the present show that the correlation between the MSCI China A50 Index and other indexes is above 0.9, of which the correlation with the Shanghai Composite 50 Index is 0.9615. In contrast, the FTSE China A50 Index has the highest correlation with the Shanghai Composite 50 Index (0.9867). Judging from the correlation coefficient calculated by historical rolling, the correlation between indexes will reach a periodic low point. At this time, due to the difference between the compilation method and the constituent stocks, the index trend will diverge.</p><p>The Reference Significance for the Development of China's Stock Index Futures Market</p><p>Through the comparative analysis of three domestic and foreign A-share futures, FTSE A50 futures and CICC stock index futures were listed earlier and have high market participation. Since the underlying indexes tracked by the two are very close, the risk hedging functions they can provide are highly overlapping. MSCI China A50 futures has been highly recognized by the market since its listing one year ago, with active trading and gradually enlarged trading volume. It has become an important risk hedging tool.</p><p>Since 2003, foreign capital has entered the domestic securities market to buy and sell stocks in the form of QFII. According to the third quarterly report of 2022, the QFII quota reached 717.872 billion yuan, involving 893 stocks. After years of development, QFII has become a benchmark for global capital investment in China. From the perspective of shareholding industries, the layout of foreign capital A-shares has begun to show the characteristics of dispersion, and the demand of various types of industries is constantly rising. Machinery and equipment, medicine and biology, electronics and chemical industry are industries with high shareholding by QFII, which is in line with QFII's insistence on low valuation. The investment style of buying and holding for a long time. As the industries held become more fragmented and the number of movements per period increases, there is an urgent need for index derivatives that can represent different styles of the market to hedge the risk of holdings, and the demand for hedging instruments is increasing day by day.</p><p>In addition, another important way for foreign capital to enter the domestic securities market is Land Stock Connect. In the past two years, the A-share market has fluctuated and declined widely, industry performance differences have increased, short-term inflows and outflows of northbound funds have increased, and industry allocations have also undergone significant adjustments. From the perspective of high-low industry style switching and northbound capital inflow shift, complex and changeable market styles lead to industry risk exposure for foreign capital. Diversified market indexes and futures contracts that take into account domestic and foreign trading hours and settlement rules will play an increasingly important role.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Finance (ths518), access more opportunities</strong></p><p><span></span></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://goodsfu.10jqka.com.cn/20230216/c644932643.shtml\">同花顺财经期货</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"510030":"价值ETF","510050":"上证50ETF","512550":"富时A50ETF嘉实","FXP":"二倍做空富时中国50ETF-ProShares","000016.SH":"上证50","XPP":"二倍做多富时中国50ETF(ProShares)","000300.SH":"沪深300","YXI":"ProShares做空FTSE中国50ETF"},"source_url":"http://goodsfu.10jqka.com.cn/20230216/c644932643.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311244919","content_text":"港交所挂牌MSCI中国A50期货已有一年多时间，境内外A股相关衍生品的综合使用，成为外资配置A股资产进行风险对冲的重要手段。境内以中金所的股指期货为主以及相关期权合约，境外主要有两种相关的股指期货：富时中国A50指数期货和MSCI中国A50期货。通过对比分析境内外三种A股期货进行差异分析，找出对我国股指期货市场发展的借鉴意义。　　境外A股期货合约比较　　富时中国A50指数期货是新加坡证券交易所上市的中国A股市场相关的衍生品，经过多年发展已成为外资对冲A股市场的重要工具。跟踪标的由富时罗素指数公司编制，指数调整按季度开展，每年的3月、6月、9月和12月进行以确保该指数能准确反映中国市场。通常会将富时中国A50与上证50进行对比，但两者存在一定区别，富时中国A50指数的整体风格更偏向消费，而上证50指数的整体风格更偏向大金融。　　MSCI中国A50期货　　MSCI中国A50期货是香港交易所2021年10月18日推出的衍生品，这是港交所推出的首个与A股市场相关的指数期货合约，也是境外发行的第一个由中国证监会审核通过的A股相关股指期货合约，得到了中国内地监管部门的批准和认可。跟踪标的是基于MSCI中国A股指数（母指数）筛选的50只股票，将沪港通、深港通成分股划分到11个GICS行业，各选取行业中市值居前的2只成分股，剩余的28只成分股按指数权重从母指数中选出，最后所选证券的权重基于其在母指数的自由流通市值权重加权。整体特点是减少了金融和日常消费的占比，增加了工业、材料的行业权重，体现出“重工业、轻金融”的编制特点，相比而言更能全面反映A股市场的结构。　　境内外A股期货差异对比分析　　上证50股指期货是国内重要的金融衍生品，尽管三者都是跟踪A股市场的走势，但各自对应的指数在编制方法以及权重调整上的不同导致三类指数期货代表性各有侧重，此外三者的期货合约设计也有所不同。交易时间方面，富时中国A50期货和MSCI中国A50期货的交易时间T日都是9:00-16:30，完全覆盖了国内IH的交易时间，同时设置了夜盘交易，但是MSCI中国的时长稍短一些，但也能满足全球不同时区交易者的需求。交割到期方面，MSCI中国A50期货与IH合约规则完全一致，方便两者之间进行套利交易；合约规模方面，根据指数点位、乘数、最小变动价位和离岸人民币汇率来看，1手IH合约的金额规模约为80万元（2600点）最小变动为60元，1手富时中国A50期货单位规模约为9万元（12294点）最小变动为7.13元，1手MSCI中国A50合约单位规模约为37万元(2106点)，最小变动为35.65元。　　统计境内中金所股指期货挂钩的上证50指数与富时中国A50、MSCI中国A50指数之间的相关性。2015年至今的数据结果显示，MSCI中国A50指数与其他指数的相关性均在0.9以上，其中与上证50指数的相关性为0.9615，相比之下，富时中国A50指数与上证50指数的相关性最高（0.9867）。从历史滚动计算的相关系数来看，指数之间的相关性会出现阶段性的低点，此时由于编制方法和成分股之间的差异导致指数走势出现分歧。　　对我国股指期货市场发展的借鉴意义　　通过对比分析境内外三种A股期货，其中富时A50期货和中金所股指期货上市较早，市场参与度高，由于两者跟踪的标的指数非常接近，所能提供的风险对冲功能高度重叠。MSCI中国A50期货上市一年以来市场认可度高，交易活跃，成交量逐渐放大，已成为重要的风险对冲工具。　　自2003年起，外资以QFII的形式进入国内证券市场买卖股票，根据2022年三季报，QFII额度达7178.72亿元，涉及股票893只，历经多年发展，QFII已经成为全球资本投资中国的风向标。从持股行业来看，外资布局A股开始呈现分散的特点，各类型的行业需求都在不断上升，机械设备、医药生物、电子和化工是QFII持股较高的行业，符合QFII坚持低估值时买入、长期持有的投资风格。随着持有的行业越来越分散，而且每期变动的数量也在增加，因此迫切需要能够代表市场不同风格的指数衍生品来对冲持股风险，对冲工具的需求与日俱增。　　除此之外，外资进入国内证券市场的另一种重要途径是陆股通。最近两年A股市场宽幅振荡下跌，行业表现差异加大，北向资金的短期流入流出幅度加大，行业配置也出现大幅调整。从行业风格高低切换和北向资金流入转向的角度来看，复杂多变的市场风格导致外资的行业风险暴露，多样化的市场指数以及兼顾国内外交易时段、结算规则的期货合约将发挥越来越重要的作用。\n关注同花顺财经（ths518），获取更多机会","news_type":1,"symbols_score_info":{"510030":0.6,"510050":0.6,"512550":0.6,"000016.SH":0.6,"CNmain":0.9,"XPP":0.6,"YXI":0.6,"000300.SH":0.6,"FXP":0.6}},"isVote":1,"tweetType":1,"viewCount":2600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622498590,"gmtCreate":1675780522312,"gmtModify":1675780522312,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622498590","repostId":"1133479298","repostType":2,"isVote":1,"tweetType":1,"viewCount":2604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":626284379,"gmtCreate":1674218998192,"gmtModify":1676538931214,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626284379","isVote":1,"tweetType":1,"viewCount":2334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623798286,"gmtCreate":1671659656847,"gmtModify":1676538570744,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623798286","repostId":"667839965","repostType":1,"repost":{"id":667839965,"gmtCreate":1668679692782,"gmtModify":1676538096019,"author":{"id":"20703384576125","authorId":"20703384576125","name":"Seven8","avatar":"https://static.tigerbbs.com/63c5325d49ab0fd75150e915a280d214","crmLev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Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> 及<a href=\"https://laohu8.com/S/CG\">$凱雷(CG)$</a> 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","listText":"最近美國政府公佈了針對一項外國人投資PTP類型公司的新稅法政策，該法案將於2023年1月1日起生效。根據PTP的最新規定：對於非美國籍投資者持有或出售、交易或轉移PTP相關證券時，將產生下列美國稅務成本：●&nbsp;賣出、交易或轉移PTP相關證券時，按交易總金額10%扣繳預扣稅；●&nbsp;獲得股息分配時，按分配股息總金額37%(個人投資者)或21%(公司或機構投資者)扣繳預扣稅。那麼PTP到底是什麼？本文將爲大家進行解析答疑。PTP是什麼？PTP是Public Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> 及<a href=\"https://laohu8.com/S/CG\">$凱雷(CG)$</a> 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","text":"最近美國政府公佈了針對一項外國人投資PTP類型公司的新稅法政策，該法案將於2023年1月1日起生效。根據PTP的最新規定：對於非美國籍投資者持有或出售、交易或轉移PTP相關證券時，將產生下列美國稅務成本：● 賣出、交易或轉移PTP相關證券時，按交易總金額10%扣繳預扣稅；● 獲得股息分配時，按分配股息總金額37%(個人投資者)或21%(公司或機構投資者)扣繳預扣稅。那麼PTP到底是什麼？本文將爲大家進行解析答疑。PTP是什麼？PTP是Public Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金$黑石(BX)$ 及$凱雷(CG)$ 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","images":[{"img":"https://static.tigerbbs.com/2c0488794a21018490d134e8782539c0","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/667839965","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623853648,"gmtCreate":1671203671885,"gmtModify":1676538508616,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"Q","listText":"Q","text":"Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623853648","repostId":"620917591","repostType":1,"repost":{"id":620917591,"gmtCreate":1669280630969,"gmtModify":1676538178306,"author":{"id":"37000856390400","authorId":"37000856390400","name":"小虎通知","avatar":"https://static.laohu8.com/40ff9573326cbdce8ed2a4976ed63455","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"37000856390400","idStr":"37000856390400"},"themes":[],"title":"重要通知：美國公開交易合夥企業（“PTP”）證券的新稅項","htmlText":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊<a href=\"https://www.irs.gov/individuals/international-taxpayers/partnership-withholding\" target=\"_blank\">此處</a>瞭解有關美國PTP 預扣稅的更多信息，並單擊<a href=\"https://www.itigerup.com/PTP-list\" target=\"_blank\">此處</a>查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","listText":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊<a href=\"https://www.irs.gov/individuals/international-taxpayers/partnership-withholding\" target=\"_blank\">此處</a>瞭解有關美國PTP 預扣稅的更多信息，並單擊<a href=\"https://www.itigerup.com/PTP-list\" target=\"_blank\">此處</a>查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","text":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊此處瞭解有關美國PTP 預扣稅的更多信息，並單擊此處查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620917591","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623171096,"gmtCreate":1671161443017,"gmtModify":1676538501838,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623171096","repostId":"1121214074","repostType":2,"isVote":1,"tweetType":1,"viewCount":1966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623362712,"gmtCreate":1671073336238,"gmtModify":1676538485706,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623362712","repostId":"2291033349","repostType":2,"isVote":1,"tweetType":1,"viewCount":1830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":629811370,"gmtCreate":1670403792091,"gmtModify":1676538361062,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/629811370","repostId":"1126749995","repostType":2,"repost":{"id":"1126749995","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670403015,"share":"https://ttm.financial/m/news/1126749995?lang=en_US&edition=fundamental","pubTime":"2022-12-07 16:50","market":"hk","language":"zh","title":"Summary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126749995","media":"老虎资讯综合","summary":"摘要：恒指失守19000点，内房股、大型科技股集体走弱；熊去氧胆酸概念股涨幅居前，共同药业、海辰药业涨停；美国三大股指期货下跌，欧洲主要指数跌多涨少。港股三大指数早盘维持震荡，午后防疫“新十条”发布，","content":"<p><html><head></head><body><b>Abstract: The Hang Seng Index fell below 19,000 points, and mainland real estate stocks and large technology stocks collectively weakened; Ursodeoxycholic acid concept stocks were among the top gainers,<a href=\"https://laohu8.com/S/300966\">Common Pharmaceuticals</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>Daily limit; The three major U.S. stock index futures fell, while the major European indexes fell more than rose.</b><b>Hong Kong Stocks</b></p><p>The three major indexes remained volatile in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The three major indexes briefly surged and then dived. The Hang Seng Technology Index once fell to 4% and closed down 3.77%, barely holding the 4,000-point mark. The Hang Seng Index and the State Index fell 3.22% and 3.31% respectively, and the Hang Seng Index fell below 19,000 points. The net outflow of southbound funds throughout the day was HK $1.775 billion, and the market turnover was HK $207.4 billion.</p><p><img src=\"https://static.tigerbbs.com/afc3dd149b29c00e928a658c47c51651\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/2182a02ad3bf1b400fd00a3e27f0ca8e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Large technology stocks generally fell,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 5%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Meituan,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell nearly 4%, and Kuaishou fell nearly 3%.</p><p>Tobacco concept stocks were among the top losers,<a href=\"https://laohu8.com/S/06969\">Smol International</a>Fell more than 8%,<a href=\"https://laohu8.com/S/00285\">BYD Electronics</a>Fell more than 6%,<a href=\"https://laohu8.com/S/06055\">China Tobacco Hong Kong</a>、<a href=\"https://laohu8.com/S/00336\">Huabao International</a>Follow the decline.</p><p>Mainland real estate stocks and property stocks were among the top losers.<a href=\"https://laohu8.com/S/03380\">Logan Group</a>Fell more than 17%,<a href=\"https://laohu8.com/S/01238\">Powerlong Real Estate</a>、<a href=\"https://laohu8.com/S/02007\">Country Garden</a>Fell more than 15%, CIFI Holdings,<a href=\"https://laohu8.com/S/01030\">New Town Development</a>Fell more than 13%,<a href=\"https://laohu8.com/S/00960\">Longfor Group</a>Fell more than 12%,<a href=\"https://laohu8.com/S/02777\">R&F Properties</a>Fell more than 11%,<a href=\"https://laohu8.com/S/06098\">Country Garden Services</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01516\">Sunac Service</a>、<a href=\"https://laohu8.com/S/09666\">Jinke Service</a>Fell more than 9%.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Concept stocks fell,<a href=\"https://laohu8.com/S/002594\">BYD</a>Electronics,<a href=\"https://laohu8.com/S/02382\">Sunny Optical Technology</a>Fell more than 6%,<a href=\"https://laohu8.com/S/02018\">AAC Technology</a>Fell more than 5%.</p><p>Catering stocks fell,<a href=\"https://laohu8.com/S/09922\">Jiu Mao Jiu</a>Fell more than 6%,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>Fell more than 8%,<a href=\"https://laohu8.com/S/06862\">Haidilao</a>Fell nearly 4%.</p><p>Wind stocks fell,<a href=\"https://laohu8.com/S/002202\">Goldwind Technology</a>Fell more than 7%,<a href=\"https://laohu8.com/S/01798\">Datang New Energy</a>Fell more than 4%,<a href=\"https://laohu8.com/S/001289\">Longyuan Power</a>Fell more than 3%.</p><p>Gold stocks fell,<a href=\"https://laohu8.com/S/600547\">Shandong Gold</a>Fell more than 5%,<a href=\"https://laohu8.com/S/601899\">Zijin Mining</a>Fell more than 4%,<a href=\"https://laohu8.com/S/01818\">Zhaojin Mining</a>、<a href=\"https://laohu8.com/S/02099\">China Gold International</a>Fell more than 3%.</p><p>Steel stocks fell,<a href=\"https://laohu8.com/S/601005\">Chongqing Iron and Steel</a>Fell more than 6%, Maanshan Iron and Steel,<a href=\"https://laohu8.com/S/000898\">Anshan Iron and Steel Co., Ltd</a>Fell more than 4%.</p><p>Gaming stocks pulled back,<a href=\"https://laohu8.com/S/01128\">Wynn Macau</a>Fell more than 6%, Sands China fell more than 5%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>、<a href=\"https://laohu8.com/S/00200\">Melco International Development</a>Fell more than 3%.</p><p>Aviation stocks broke out collectively, China<a href=\"https://laohu8.com/S/CEA\">Eastern Airlines</a>Up more than 6%,<a href=\"https://laohu8.com/S/601111\">Air China</a>Rose more than 4%,<a href=\"https://laohu8.com/S/00357\">Meilan Airport</a>Up more than 3%, China<a href=\"https://laohu8.com/S/ZNH\">Southern Airlines</a>Up more than 2%.</p><p>Pharmaceutical stocks were active,<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>Up nearly 28%,<a href=\"https://laohu8.com/S/00867\">CMS Pharmaceutical</a>It rose by more than 20%, Kangfang Bio rose by more than 18%, Runmed rose by more than 7%, and Kintor Pharmaceuticals followed suit.</p><p><b>A Shares</b></p><p>The three major A-share indexes were mixed. The Shanghai Composite Index fluctuated weakly in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The Shanghai Composite Index quickly pulled to an intraday high of about 0.4% and then dived, finally closing down 0.4% to 3199 points. The Shenzhen Component Index rose 0.17%, and the ChiNext Index, which once rose 1.6% in intraday trading, closed up 0.87%. 2,830 stocks in the two cities fell, and 2010 stocks rose, with a turnover of 948 billion yuan, and a net purchase of 270 million yuan from northbound funds.</p><p>Antiviral fabric concept stocks led the gains throughout the day,<a href=\"https://laohu8.com/S/600493\">Fengzhu Textile</a>、<a href=\"https://laohu8.com/S/600803\">ENN shares</a>、<a href=\"https://laohu8.com/S/002875\">Anelle</a>、<a href=\"https://laohu8.com/S/002243\">Lihe Kechuang</a>、<a href=\"https://laohu8.com/S/002193\">Ruyi Group</a>The daily limit, Nanshan IQ rose by more than 9%.</p><p>Ursodeoxycholic acid concept stocks were among the top gainers, Science and Technology Innovation Board<a href=\"https://laohu8.com/S/688247\">Xuantai Pharmaceutical</a>One-word board, Gongdong Pharmaceutical and Haichen Pharmaceutical have daily limit,<a href=\"https://laohu8.com/S/300436\">Kwong Sheng Hall</a>、<a href=\"https://laohu8.com/S/300039\">Shanghai Kaibao</a>、<a href=\"https://laohu8.com/S/300194\">Fuan Pharmaceutical</a>Waiting for a sharp rise.<b>[A market report triggered a surge in ursodeoxycholic acid concept stocks!</b><span style=\"color:rgba(65,29,27,1);\"><b>Studies have shown that ursodeoxycholic acid (UDCA), a drug for treating liver disease, can be used to prevent COVID-19 infection. Because the drug targets host cells rather than viruses, it may protect against future new variants of the virus, as well as other coronaviruses that may emerge.</b></span><b>】</b></p><p>Tourism and hotel stocks rose in the afternoon,<a href=\"https://laohu8.com/S/000978\">Guilin Tourism</a>、<a href=\"https://laohu8.com/S/600706\">Qujiang Wenlv</a>Daily limit,<a href=\"https://laohu8.com/S/600138\">CYTS</a>Up by more than 5%, Yunnan tourism,<a href=\"https://laohu8.com/S/000430\">Zhangjiajie</a>, Jiuhua Tourism and other stocks followed suit.</p><p>The airport shipping sector was active.<a href=\"https://laohu8.com/S/600221\">HNA Holdings</a>Daily limit,<a href=\"https://laohu8.com/S/600515\">Hainan Airport</a>It rose nearly 7%, Juneyao Airlines rose more than 4%,<a href=\"https://laohu8.com/S/00753\">Air China</a>, China Eastern Airlines, China Airlines,<a href=\"https://laohu8.com/S/000089\">Shenzhen Airport</a>Wait for individual stocks to follow suit.</p><p>Perovskite batteries were among the top losers, with Colorful Chemical falling more than 6% and Jept falling more than 4%.<a href=\"https://laohu8.com/S/000821\">Jingshan light machinery</a>、<a href=\"https://laohu8.com/S/600586\">Jinjing Technology</a>Wait for individual stocks to follow suit.</p><p>The real estate sector continued to be nearly weak. Urban construction shares,<a href=\"https://laohu8.com/S/000608\">Sunshine Shares</a>Down limit, Shenshenfang A has fallen by the limit for the second consecutive time. Chinese enterprises fell more than 9%.</p><p>The semiconductor sector is sluggish.<a href=\"https://laohu8.com/S/300373\">Yangjie Technology</a>Fell more than 6%, Canrui Technology,<a href=\"https://laohu8.com/S/688261\">East Micro Semiconductor</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>Fell more than 4%.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell. As of press time, Dow futures fell 0.05%; S&P 500 futures fell 0.08%; Nasdaq 100 futures fell 0.17%.<img src=\"https://static.tigerbbs.com/2ca13ee8100138f7ee0aacd95af33470\" tg-width=\"828\" tg-height=\"252\" referrerpolicy=\"no-referrer\"/><b>European stocks</b></p><p>Major European indexes fell more than rose, with the European Stoxx 50 index falling 0.04%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.25%, while the German DAX30 index fell 0.09%.<img src=\"https://static.tigerbbs.com/73a7ff0de17a9d7ab26b56fc16d977a7\" tg-width=\"823\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices rose, with U.S. oil reporting at $74.27/barrel, an intraday increase of 0.01%; Brent oil is now trading at $79.44 per barrel, an intraday increase of 0.11%.</p><p>The positive impact of the relaxation of epidemic control by major Asian countries has subsided. The rebound of the US dollar has put pressure on oil prices. Moreover, OPEC + did not expand the scale of production cuts last weekend. The EU's oil price ceiling on Russia is relatively high, and the export price ceiling to Russia has led to the disruption of crude oil supply. Concerns recede, and short-term oil prices face further downside risks.</p><p><b>Gold</b></p><p>Spot gold rose 0.13% during the day to $1,784.70 an ounce.</p><p>Geopolitical tensions, lingering worries about global economic recession, bargain hunting and safe-haven buying provide support for gold prices. However, the US Dollar Index's rebound this week has made bulls scruples, and there are also some signals of top divergence on the technical side, so it is necessary to beware of the risk of further correction in gold prices.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Summary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSummary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-12-07 16:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract: The Hang Seng Index fell below 19,000 points, and mainland real estate stocks and large technology stocks collectively weakened; Ursodeoxycholic acid concept stocks were among the top gainers,<a href=\"https://laohu8.com/S/300966\">Common Pharmaceuticals</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>Daily limit; The three major U.S. stock index futures fell, while the major European indexes fell more than rose.</b><b>Hong Kong Stocks</b></p><p>The three major indexes remained volatile in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The three major indexes briefly surged and then dived. The Hang Seng Technology Index once fell to 4% and closed down 3.77%, barely holding the 4,000-point mark. The Hang Seng Index and the State Index fell 3.22% and 3.31% respectively, and the Hang Seng Index fell below 19,000 points. The net outflow of southbound funds throughout the day was HK $1.775 billion, and the market turnover was HK $207.4 billion.</p><p><img src=\"https://static.tigerbbs.com/afc3dd149b29c00e928a658c47c51651\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/2182a02ad3bf1b400fd00a3e27f0ca8e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Large technology stocks generally fell,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 5%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Meituan,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell nearly 4%, and Kuaishou fell nearly 3%.</p><p>Tobacco concept stocks were among the top losers,<a href=\"https://laohu8.com/S/06969\">Smol International</a>Fell more than 8%,<a href=\"https://laohu8.com/S/00285\">BYD Electronics</a>Fell more than 6%,<a href=\"https://laohu8.com/S/06055\">China Tobacco Hong Kong</a>、<a href=\"https://laohu8.com/S/00336\">Huabao International</a>Follow the decline.</p><p>Mainland real estate stocks and property stocks were among the top losers.<a href=\"https://laohu8.com/S/03380\">Logan Group</a>Fell more than 17%,<a href=\"https://laohu8.com/S/01238\">Powerlong Real Estate</a>、<a href=\"https://laohu8.com/S/02007\">Country Garden</a>Fell more than 15%, CIFI Holdings,<a href=\"https://laohu8.com/S/01030\">New Town Development</a>Fell more than 13%,<a href=\"https://laohu8.com/S/00960\">Longfor Group</a>Fell more than 12%,<a href=\"https://laohu8.com/S/02777\">R&F Properties</a>Fell more than 11%,<a href=\"https://laohu8.com/S/06098\">Country Garden Services</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01516\">Sunac Service</a>、<a href=\"https://laohu8.com/S/09666\">Jinke Service</a>Fell more than 9%.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Concept stocks fell,<a href=\"https://laohu8.com/S/002594\">BYD</a>Electronics,<a href=\"https://laohu8.com/S/02382\">Sunny Optical Technology</a>Fell more than 6%,<a href=\"https://laohu8.com/S/02018\">AAC Technology</a>Fell more than 5%.</p><p>Catering stocks fell,<a href=\"https://laohu8.com/S/09922\">Jiu Mao Jiu</a>Fell more than 6%,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>Fell more than 8%,<a href=\"https://laohu8.com/S/06862\">Haidilao</a>Fell nearly 4%.</p><p>Wind stocks fell,<a href=\"https://laohu8.com/S/002202\">Goldwind Technology</a>Fell more than 7%,<a href=\"https://laohu8.com/S/01798\">Datang New Energy</a>Fell more than 4%,<a href=\"https://laohu8.com/S/001289\">Longyuan Power</a>Fell more than 3%.</p><p>Gold stocks fell,<a href=\"https://laohu8.com/S/600547\">Shandong Gold</a>Fell more than 5%,<a href=\"https://laohu8.com/S/601899\">Zijin Mining</a>Fell more than 4%,<a href=\"https://laohu8.com/S/01818\">Zhaojin Mining</a>、<a href=\"https://laohu8.com/S/02099\">China Gold International</a>Fell more than 3%.</p><p>Steel stocks fell,<a href=\"https://laohu8.com/S/601005\">Chongqing Iron and Steel</a>Fell more than 6%, Maanshan Iron and Steel,<a href=\"https://laohu8.com/S/000898\">Anshan Iron and Steel Co., Ltd</a>Fell more than 4%.</p><p>Gaming stocks pulled back,<a href=\"https://laohu8.com/S/01128\">Wynn Macau</a>Fell more than 6%, Sands China fell more than 5%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>、<a href=\"https://laohu8.com/S/00200\">Melco International Development</a>Fell more than 3%.</p><p>Aviation stocks broke out collectively, China<a href=\"https://laohu8.com/S/CEA\">Eastern Airlines</a>Up more than 6%,<a href=\"https://laohu8.com/S/601111\">Air China</a>Rose more than 4%,<a href=\"https://laohu8.com/S/00357\">Meilan Airport</a>Up more than 3%, China<a href=\"https://laohu8.com/S/ZNH\">Southern Airlines</a>Up more than 2%.</p><p>Pharmaceutical stocks were active,<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>Up nearly 28%,<a href=\"https://laohu8.com/S/00867\">CMS Pharmaceutical</a>It rose by more than 20%, Kangfang Bio rose by more than 18%, Runmed rose by more than 7%, and Kintor Pharmaceuticals followed suit.</p><p><b>A Shares</b></p><p>The three major A-share indexes were mixed. The Shanghai Composite Index fluctuated weakly in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The Shanghai Composite Index quickly pulled to an intraday high of about 0.4% and then dived, finally closing down 0.4% to 3199 points. The Shenzhen Component Index rose 0.17%, and the ChiNext Index, which once rose 1.6% in intraday trading, closed up 0.87%. 2,830 stocks in the two cities fell, and 2010 stocks rose, with a turnover of 948 billion yuan, and a net purchase of 270 million yuan from northbound funds.</p><p>Antiviral fabric concept stocks led the gains throughout the day,<a href=\"https://laohu8.com/S/600493\">Fengzhu Textile</a>、<a href=\"https://laohu8.com/S/600803\">ENN shares</a>、<a href=\"https://laohu8.com/S/002875\">Anelle</a>、<a href=\"https://laohu8.com/S/002243\">Lihe Kechuang</a>、<a href=\"https://laohu8.com/S/002193\">Ruyi Group</a>The daily limit, Nanshan IQ rose by more than 9%.</p><p>Ursodeoxycholic acid concept stocks were among the top gainers, Science and Technology Innovation Board<a href=\"https://laohu8.com/S/688247\">Xuantai Pharmaceutical</a>One-word board, Gongdong Pharmaceutical and Haichen Pharmaceutical have daily limit,<a href=\"https://laohu8.com/S/300436\">Kwong Sheng Hall</a>、<a href=\"https://laohu8.com/S/300039\">Shanghai Kaibao</a>、<a href=\"https://laohu8.com/S/300194\">Fuan Pharmaceutical</a>Waiting for a sharp rise.<b>[A market report triggered a surge in ursodeoxycholic acid concept stocks!</b><span style=\"color:rgba(65,29,27,1);\"><b>Studies have shown that ursodeoxycholic acid (UDCA), a drug for treating liver disease, can be used to prevent COVID-19 infection. Because the drug targets host cells rather than viruses, it may protect against future new variants of the virus, as well as other coronaviruses that may emerge.</b></span><b>】</b></p><p>Tourism and hotel stocks rose in the afternoon,<a href=\"https://laohu8.com/S/000978\">Guilin Tourism</a>、<a href=\"https://laohu8.com/S/600706\">Qujiang Wenlv</a>Daily limit,<a href=\"https://laohu8.com/S/600138\">CYTS</a>Up by more than 5%, Yunnan tourism,<a href=\"https://laohu8.com/S/000430\">Zhangjiajie</a>, Jiuhua Tourism and other stocks followed suit.</p><p>The airport shipping sector was active.<a href=\"https://laohu8.com/S/600221\">HNA Holdings</a>Daily limit,<a href=\"https://laohu8.com/S/600515\">Hainan Airport</a>It rose nearly 7%, Juneyao Airlines rose more than 4%,<a href=\"https://laohu8.com/S/00753\">Air China</a>, China Eastern Airlines, China Airlines,<a href=\"https://laohu8.com/S/000089\">Shenzhen Airport</a>Wait for individual stocks to follow suit.</p><p>Perovskite batteries were among the top losers, with Colorful Chemical falling more than 6% and Jept falling more than 4%.<a href=\"https://laohu8.com/S/000821\">Jingshan light machinery</a>、<a href=\"https://laohu8.com/S/600586\">Jinjing Technology</a>Wait for individual stocks to follow suit.</p><p>The real estate sector continued to be nearly weak. Urban construction shares,<a href=\"https://laohu8.com/S/000608\">Sunshine Shares</a>Down limit, Shenshenfang A has fallen by the limit for the second consecutive time. Chinese enterprises fell more than 9%.</p><p>The semiconductor sector is sluggish.<a href=\"https://laohu8.com/S/300373\">Yangjie Technology</a>Fell more than 6%, Canrui Technology,<a href=\"https://laohu8.com/S/688261\">East Micro Semiconductor</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>Fell more than 4%.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell. As of press time, Dow futures fell 0.05%; S&P 500 futures fell 0.08%; Nasdaq 100 futures fell 0.17%.<img src=\"https://static.tigerbbs.com/2ca13ee8100138f7ee0aacd95af33470\" tg-width=\"828\" tg-height=\"252\" referrerpolicy=\"no-referrer\"/><b>European stocks</b></p><p>Major European indexes fell more than rose, with the European Stoxx 50 index falling 0.04%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.25%, while the German DAX30 index fell 0.09%.<img src=\"https://static.tigerbbs.com/73a7ff0de17a9d7ab26b56fc16d977a7\" tg-width=\"823\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices rose, with U.S. oil reporting at $74.27/barrel, an intraday increase of 0.01%; Brent oil is now trading at $79.44 per barrel, an intraday increase of 0.11%.</p><p>The positive impact of the relaxation of epidemic control by major Asian countries has subsided. The rebound of the US dollar has put pressure on oil prices. Moreover, OPEC + did not expand the scale of production cuts last weekend. The EU's oil price ceiling on Russia is relatively high, and the export price ceiling to Russia has led to the disruption of crude oil supply. Concerns recede, and short-term oil prices face further downside risks.</p><p><b>Gold</b></p><p>Spot gold rose 0.13% during the day to $1,784.70 an ounce.</p><p>Geopolitical tensions, lingering worries about global economic recession, bargain hunting and safe-haven buying provide support for gold prices. However, the US Dollar Index's rebound this week has made bulls scruples, and there are also some signals of top divergence on the technical side, so it is necessary to beware of the risk of further correction in gold prices.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"513600":"恒生指数ETF","03690":"美团-W","HSTECH":"恒生科技指数","09618":"京东集团-SW","09988":"阿里巴巴-W","02833":"恒指ETF","HSI":"恒生指数","00700":"腾讯控股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126749995","content_text":"摘要：恒指失守19000点，内房股、大型科技股集体走弱；熊去氧胆酸概念股涨幅居前，共同药业、海辰药业涨停；美国三大股指期货下跌，欧洲主要指数跌多涨少。港股三大指数早盘维持震荡，午后防疫“新十条”发布，三大指数短暂冲高后跳水，恒生科技指数一度跌至4%，收跌3.77%险守4000点大关，恒指、国指分别跌3.22%和3.31%，恒指失守19000点。南下资金全日净流出17.75亿港元，大市成交额为2074亿港元。大型科技股普跌，京东、阿里巴巴跌超5%，腾讯、美团、百度跌近4%，快手跌近3%。烟草概念股跌幅居前，思摩尔国际跌超8%，比亚迪电子跌超6%，中烟香港、华宝国际跟跌。内房股、物业股跌幅居前，龙光集团跌超17%，宝龙地产、碧桂园跌超15%，旭辉控股、新城发展跌超13%，龙湖集团跌超12%，富力地产跌超11%，碧桂园服务跌超10%，融创服务、金科服务跌超9%。苹果概念股走低，比亚迪电子、舜宇光学科技跌超6%，瑞声科技跌超5%。餐饮股下跌，九毛九跌超6%，海伦司跌超8%，海底捞跌近4%。风电股下跌，金风科技跌超7%，大唐新能源跌超4%，龙源电力跌超3%。黄金股下跌，山东黄金跌超5%，紫金矿业跌超4%，招金矿业、中国黄金国际跌超3%。钢铁股下挫，重庆钢铁跌超6%，马鞍山钢铁、鞍钢股份跌超4%。博彩股回调，永利澳门跌超6%，金沙中国跌超5%，银河娱乐、新濠国际发展跌超3%。航空股集体爆发，中国东方航空涨超6%，中国国航涨超4%，美兰空港涨超3%，中国南方航空涨超2%。医药股表现活跃，新华制药涨近28%，康哲药业涨超20%，康方生物涨超18%，润迈德涨超7%，开拓药业等跟涨。A股A股三大指数涨跌不一，沪指早盘弱势震荡，午后，防疫“新十条”发布，沪指快速拉至日内高位约0.4%的涨幅后跳水，最终收跌0.4%报3199点，深成指涨0.17%，盘中一度涨1.6%的创业板指收涨0.87%。两市2830股下跌，2010股上涨，成交额9480亿元，北上资金净买入2.7亿元。抗病毒面料概念股全天领涨，凤竹纺织、新奥股份、安奈儿、力合科创、如意集团涨停、南山智商涨超9%。熊去氧胆酸概念股涨幅居前，科创板宣泰医药一字板，共同药业、海辰药业涨停，广生堂、上海凯宝、福安药业等纷纷大涨。【市场一则报道，引发熊去氧胆酸概念股大涨！研究显示，一种治疗肝病的药物熊去氧胆酸（UDCA）可以用于预防新冠感染。由于这种药物针对的是宿主细胞而不是病毒，因此它可能预防病毒的未来新变种，以及可能出现的其他冠状病毒。】旅游、酒店股午后拉升，桂林旅游、曲江文旅涨停，中青旅涨超5%，云南旅游、张家界、九华旅游等个股跟涨。机场航运板块表现活跃。海航控股涨停，海南机场涨近7%，吉祥航空涨超4%，中国国航、东航、华夏航空、深圳机场等个股跟涨。钙钛矿电池跌幅居前，七彩化学跌逾6%，杰普特跌逾4%，京山轻机、金晶科技等个股跟跌。房地产板块延续近弱势。城建股份、阳光股份跌停，深深房A二连跌停。中华企业跌逾9%。半导体板块走势萎靡。扬杰科技跌逾6%，灿瑞科技、东微半导、瑞芯微跌逾4%。美股美国三大股指期货下跌，截至发稿，道指期货跌0.05%；标普500指数期货跌0.08%；纳斯达克100指数期货跌0.17%。欧股欧洲主要指数跌多涨少，欧洲斯托克50指数跌0.04%，英国富时100指数涨0.25%，德国DAX30指数跌0.09%。原油国际油价上涨，美油报74.27美元/桶，日内涨幅0.01%；布油现报79.44美元/桶，日内涨幅0.11%。亚洲大国放松疫情管控的利好影响有所消退，美元的反弹，令油价承压，而且OPEC+上周末没有扩大减产规模，欧盟对俄罗斯的石油价格上限较高，对俄罗斯出口价格上限导致原油供应中断的担忧消退，短线油价面临进一步下行风险。黄金现货黄金日内涨0.13%，报1784.70美元/盎司。地缘局势紧张、全球经济衰退担忧挥之不去，逢低买盘和避险买盘给金价提供支撑，但美元指数本周的反弹令多头有所顾忌，而且技术面也出现了一些顶背离信号，需要提防金价的进一步回调风险。","news_type":1,"symbols_score_info":{"513600":0.9,"HSI":0.9,"HSImain":0.9,"MCHmain":0.9,"HHImain":0.9,"09988":0.9,"09618":0.9,"00700":0.9,"03690":0.9,"HSTECH":0.9,"02833":0.9,"MHImain":0.9}},"isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":620184281,"gmtCreate":1669559541744,"gmtModify":1676538207354,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620184281","repostId":"666885511","repostType":1,"repost":{"id":666885511,"gmtCreate":1665553003741,"gmtModify":1676537626473,"author":{"id":"3527667688472228","authorId":"3527667688472228","name":"ETF小幫手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667688472228","idStr":"3527667688472228"},"themes":[],"title":"ETF追蹤｜美聯儲加息不停，穩穩的抗通脹的資產在哪兒？","htmlText":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","listText":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","text":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","images":[{"img":"https://static.tigerbbs.com/99c0a3d8437b575fee7c930378764b1a","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/666885511","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":620381201,"gmtCreate":1669367302504,"gmtModify":1676538189600,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"Q","listText":"Q","text":"Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620381201","repostId":"1194908470","repostType":2,"repost":{"id":"1194908470","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658908022,"share":"https://ttm.financial/m/news/1194908470?lang=en_US&edition=fundamental","pubTime":"2022-07-27 15:47","market":"sh","language":"zh","title":"ETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1194908470","media":"老虎资讯综合","summary":"对于许多投资者来说，期权是一种重要的对冲工具。如果做得好，只需少量的期权头寸就可以帮助管理投资者的投资组合风险。很多人使用期权作为投机工具，买入看涨期权并押注单个证券或市场的方向（当证券上涨时看涨期权","content":"<p><html><head></head><body>For many investors, options are an important hedging tool. When done right, only a small options position can help manage an investor's portfolio risk. Many people use options as a speculative tool, buying call options and betting on the direction of an individual security or market (the value of the call option increases when the security rises; the value of the put option increases when the security falls).</p><p>Especially put options, the US stock market is in a bear market today and is in high demand. By buying put options on an ETF they own, investors can offset some of the losses they suffered when the ETF fell.</p><p>However, options come with a cost (also known as a premium), so protection isn't free. They are only available to investors who are willing to bear that cost in exchange for the protection the options can provide. Options offer the ability to place more complex bets in the market.</p><p><b>Large AUM doesn't mean high liquidity</b></p><p>Like individual stocks, options are available in the ETF space. Most exchange-traded products have options available for trading, but not all are liquid.</p><p>An ETF that is rarely traded will naturally have an illiquid options market. Popular ETFs, on the other hand, tend to have a liquid options market, but not always.</p><p>With<a href=\"https://laohu8.com/S/EEME\">iShares</a>Core S&P Mid-Cap ETF (IJH), for example. It is the largest mid-cap ETF with a massive $57 billion in assets. However, its options market is small, with a total open interest of only 8,447 contracts, according to Bloomberg. (Each contract gives the owner the right to own 100 shares of the underlying ETF, with the right to buy in the case of a call option and the right to sell in the case of a put option.)</p><p>With $17 billion in assets, the smaller but more liquid SPDR S&P Midcap 400 ETF Trust (MDY) has a more active options market with an open interest of 21,498.</p><p>However, referring to MDY's options as liquid is still a stretch compared to some other ETFs.</p><p>The Midcap ETF is not an area of focus for options traders. As a result, a vibrant options market has not developed there. Much of IJH and MDY's $74 billion is likely to be long-term funds that require little options trading.</p><p><b>ETFs with the Strongest Options Markets</b></p><p>In addition to mid-cap stocks, there are many other ETFs with strong options markets. The largest and most popular ETF in the world, the $358 billion SPDR S&P 500 ETF (SPY) is one of them.</p><p>In fact, SPY is the ETF with the most liquid options market in the world. Currently, the fund has 18.4 million open options contracts-also known as open interest. SPY options typically have a bid-ask spread of no more than a penny, minimizing trading costs for those looking to hedge or speculate on the S&P 500.</p><p>Here are the five most liquid ETFs.<img src=\"https://static.tigerbbs.com/56cfc0ba2ad810a7033b38d913a6834d\" tg-width=\"553\" tg-height=\"209\" referrerpolicy=\"no-referrer\"/>Although SPY is the largest ETF with the most liquid options market, this correlation doesn't always hold true. There are many large funds with illiquidity or even non-existent options markets.</p><p>Take, for example, the $258 billion Vanguard S&P 500 ETF (VOO). The second-largest ETF has a total option open interest of just 78,420 by asset. That's nothing for such a large fund. The huge bid-ask spread for VOO options compared to SPY makes the fund a poor choice for options traders.</p><p><b>Some ETFs Outperform Their Weights</b></p><p>After SPY, Invesco QQQ Trust (QQQ) currently has the most liquid options market based on open interest. The fund has 10.4 million open interest, ahead of third-place on the list<a href=\"https://laohu8.com/S/EGRW\">iShares</a>Russell 2000 ETF (IWM), The open interest was 7.3 million.</p><p><a href=\"https://laohu8.com/S/EMDI\">iShares</a>MSCI Emerging Markets ETF (EEM), SPDR Gold Trust (GLD) and Financial Select Sector SPDR Fund (XLF) Are some other behemoths with active options markets.</p><p>In addition, there are some ETFs on the list that far outperform their weightings. These include<a href=\"https://laohu8.com/S/EMEY\">iShares</a>China Large Cap ETF (FXI),<a href=\"https://laohu8.com/S/EVAL\">iShares</a>MSCI Canada ETF (EWC) and<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK).</p><p><p style=\"text-align:left;\">Despite not having large assets, some ETFs have some of the most liquid options markets. For example, FXI's AUM is only $5.5 billion, compared to $3.6 billion for EWC and $9.9 billion for ARKK. This shows that these funds are popular with short-term traders.</p><p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/306c90f7fad4e346b3ade4c8e38c5a70\" tg-width=\"639\" tg-height=\"717\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-07-27 15:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>For many investors, options are an important hedging tool. When done right, only a small options position can help manage an investor's portfolio risk. Many people use options as a speculative tool, buying call options and betting on the direction of an individual security or market (the value of the call option increases when the security rises; the value of the put option increases when the security falls).</p><p>Especially put options, the US stock market is in a bear market today and is in high demand. By buying put options on an ETF they own, investors can offset some of the losses they suffered when the ETF fell.</p><p>However, options come with a cost (also known as a premium), so protection isn't free. They are only available to investors who are willing to bear that cost in exchange for the protection the options can provide. Options offer the ability to place more complex bets in the market.</p><p><b>Large AUM doesn't mean high liquidity</b></p><p>Like individual stocks, options are available in the ETF space. Most exchange-traded products have options available for trading, but not all are liquid.</p><p>An ETF that is rarely traded will naturally have an illiquid options market. Popular ETFs, on the other hand, tend to have a liquid options market, but not always.</p><p>With<a href=\"https://laohu8.com/S/EEME\">iShares</a>Core S&P Mid-Cap ETF (IJH), for example. It is the largest mid-cap ETF with a massive $57 billion in assets. However, its options market is small, with a total open interest of only 8,447 contracts, according to Bloomberg. (Each contract gives the owner the right to own 100 shares of the underlying ETF, with the right to buy in the case of a call option and the right to sell in the case of a put option.)</p><p>With $17 billion in assets, the smaller but more liquid SPDR S&P Midcap 400 ETF Trust (MDY) has a more active options market with an open interest of 21,498.</p><p>However, referring to MDY's options as liquid is still a stretch compared to some other ETFs.</p><p>The Midcap ETF is not an area of focus for options traders. As a result, a vibrant options market has not developed there. Much of IJH and MDY's $74 billion is likely to be long-term funds that require little options trading.</p><p><b>ETFs with the Strongest Options Markets</b></p><p>In addition to mid-cap stocks, there are many other ETFs with strong options markets. The largest and most popular ETF in the world, the $358 billion SPDR S&P 500 ETF (SPY) is one of them.</p><p>In fact, SPY is the ETF with the most liquid options market in the world. Currently, the fund has 18.4 million open options contracts-also known as open interest. SPY options typically have a bid-ask spread of no more than a penny, minimizing trading costs for those looking to hedge or speculate on the S&P 500.</p><p>Here are the five most liquid ETFs.<img src=\"https://static.tigerbbs.com/56cfc0ba2ad810a7033b38d913a6834d\" tg-width=\"553\" tg-height=\"209\" referrerpolicy=\"no-referrer\"/>Although SPY is the largest ETF with the most liquid options market, this correlation doesn't always hold true. There are many large funds with illiquidity or even non-existent options markets.</p><p>Take, for example, the $258 billion Vanguard S&P 500 ETF (VOO). The second-largest ETF has a total option open interest of just 78,420 by asset. That's nothing for such a large fund. The huge bid-ask spread for VOO options compared to SPY makes the fund a poor choice for options traders.</p><p><b>Some ETFs Outperform Their Weights</b></p><p>After SPY, Invesco QQQ Trust (QQQ) currently has the most liquid options market based on open interest. The fund has 10.4 million open interest, ahead of third-place on the list<a href=\"https://laohu8.com/S/EGRW\">iShares</a>Russell 2000 ETF (IWM), The open interest was 7.3 million.</p><p><a href=\"https://laohu8.com/S/EMDI\">iShares</a>MSCI Emerging Markets ETF (EEM), SPDR Gold Trust (GLD) and Financial Select Sector SPDR Fund (XLF) Are some other behemoths with active options markets.</p><p>In addition, there are some ETFs on the list that far outperform their weightings. These include<a href=\"https://laohu8.com/S/EMEY\">iShares</a>China Large Cap ETF (FXI),<a href=\"https://laohu8.com/S/EVAL\">iShares</a>MSCI Canada ETF (EWC) and<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK).</p><p><p style=\"text-align:left;\">Despite not having large assets, some ETFs have some of the most liquid options markets. For example, FXI's AUM is only $5.5 billion, compared to $3.6 billion for EWC and $9.9 billion for ARKK. This shows that these funds are popular with short-term traders.</p><p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/306c90f7fad4e346b3ade4c8e38c5a70\" tg-width=\"639\" tg-height=\"717\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8fd5271ba4885dabd7633b23dfb3304b","relate_stocks":{"QQQ":"纳指100ETF","EEM":"新兴市场ETF-iShares MSCI","HYG":"债券指数ETF-iShares iBoxx高收益公司债","IWM":"罗素2000指数ETF","SPY":"标普500ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194908470","content_text":"对于许多投资者来说，期权是一种重要的对冲工具。如果做得好，只需少量的期权头寸就可以帮助管理投资者的投资组合风险。很多人使用期权作为投机工具，买入看涨期权并押注单个证券或市场的方向（当证券上涨时看涨期权价值增加；当证券下跌时看跌期权价值增加）。尤其是看跌期权，今天美国股市处于熊市中，需求量很大。通过购买他们拥有的ETF的看跌期权，投资者可以抵消他们在 ETF下跌时所遭受的部分损失。然而，期权是有成本的（也称为溢价），因此保护并不是免费的。它们仅适用于愿意承担该成本以换取期权可以提供的保护的投资者。期权提供了在市场上进行更复杂投注的能力。资产管理规模大并不意味着流动性大与个股一样，ETF领域也提供期权。大多数交易所交易产品都有可供交易的期权，但并非所有产品都具有流动性。一个很少交易的 ETF自然会有一个非流动性的期权市场。另一方面，流行的 ETF往往会有一个流动的期权市场，但并非总是如此。以 iShares Core S&P Mid-Cap ETF (IJH)为例。它是最大的中型股 ETF，拥有 570亿美元的巨额资产。然而，根据彭博社的数据，其期权市场规模很小，总未平仓合约只有 8,447份。（每份合约赋予所有者持有 100股标的 ETF股份的权利，在看涨期权的情况下有权购买，在看跌期权的情况下有权出售。）规模较小但规模流动性较大的 SPDR S&P Midcap 400 ETF Trust (MDY)拥有 170亿美元的资产，拥有更活跃的期权市场，未平仓头寸为 21,498。然而，与其他一些 ETF相比，将 MDY的期权称为流动性仍然有些牵强。Midcap ETF不是期权交易者关注的领域。因此，那里还没有发展出充满活力的期权市场。IJH和 MDY的 740亿美元中的大部分可能是几乎不需要期权交易的长期资金。拥有最强大的期权市场的ETF除了中型股之外，还有许多其他拥有强大期权市场的ETF。世界上最大和最受欢迎的 ETF，3580亿美元的 SPDR S&P 500 ETF (SPY)就是其中之一。事实上，SPY是世界上拥有最具流动性的期权市场的 ETF。目前，该基金有1840万份未平仓期权合约——也称为未平仓合约。SPY期权的买卖价差通常不超过一美分，从而最大限度地降低了那些想要对冲或投机标准普尔 500指数的人的交易成本。以下是流动性最强的五只ETF。尽管 SPY是拥有最具流动性的期权市场的最大 ETF，但这种相关性并不总是成立。有许多大型基金缺乏流动性甚至不存在期权市场。以价值 2580亿美元的 Vanguard S&P 500 ETF (VOO)为例。按资产计算，第二大 ETF的总期权未平仓量仅为 78,420。对于这么大的基金来说，这不算什么。与 SPY相比，VOO期权的买卖差价巨大，使得该基金成为期权交易者的糟糕选择。有些 ETF表现超出其权重在 SPY之后，景顺 QQQ信托 (QQQ)目前拥有基于未平仓合约的最具流动性的期权市场。该基金拥有 1040万份未平仓合约，领先于榜单第三名的 iShares Russell 2000 ETF (IWM)，持仓量为 730万份。iShares MSCI Emerging Markets ETF (EEM)、SPDR Gold Trust (GLD)和 Financial Select Sector SPDR Fund (XLF)是其他一些拥有活跃期权市场的庞然大物。此外，名单上还有一些 ETF的表现远超其权重。其中包括 iShares中国大型股 ETF (FXI)、iShares MSCI Canada ETF (EWC)和 ARK Innovation ETF (ARKK)。尽管没有大量资产，有些 ETF拥有一些流动性最强的期权市场。例如，FXI的资产管理规模只有 55亿美元，而 EWC有 36亿美元，ARKK有 99亿美元。这表明这些基金很受短期交易者的欢迎。","news_type":1,"symbols_score_info":{"HYG":0.9,"EEM":0.9,"SPY":0.9,"QQQ":0.9,"IWM":0.9}},"isVote":1,"tweetType":1,"viewCount":742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":665636176,"gmtCreate":1667234568699,"gmtModify":1676537882342,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102426680604660","idStr":"4102426680604660"},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/665636176","repostId":"662304640","repostType":1,"repost":{"id":662304640,"gmtCreate":1666172863020,"gmtModify":1676537717915,"author":{"id":"3527667584262733","authorId":"3527667584262733","name":"期权小助手","avatar":"https://static.tigerbbs.com/a5496ca83f1c81b8c311afcb3ea30bc8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667584262733","idStr":"3527667584262733"},"themes":[],"title":"期權組合保證金優惠現已支持備兌組合、垂直價差、日曆價差、跨式組合、保險策略","htmlText":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","listText":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","text":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/662304640","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":623362712,"gmtCreate":1671073336238,"gmtModify":1676538485706,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623362712","repostId":"2291033349","repostType":2,"isVote":1,"tweetType":1,"viewCount":1830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":624151682,"gmtCreate":1677167878047,"gmtModify":1677167878047,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/624151682","repostId":"2313682388","repostType":2,"isVote":1,"tweetType":1,"viewCount":1874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625525646,"gmtCreate":1676596818187,"gmtModify":1676596818187,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625525646","repostId":"2311244919","repostType":2,"repost":{"id":"2311244919","kind":"news","pubTimestamp":1676557890,"share":"https://ttm.financial/m/news/2311244919?lang=en_US&edition=fundamental","pubTime":"2023-02-16 22:31","market":"fut","language":"zh","title":"Difference analysis and development reference of domestic and foreign A-share futures","url":"https://stock-news.laohu8.com/highlight/detail?id=2311244919","media":"同花顺财经期货","summary":"港交所挂牌MSCI中国A50期货已有一年多时间，境内外A股相关衍生品的综合使用，成为外资配置A股资产进行风险对冲的重要手段。境内以中金所的股指期货为主以及相关期权合约，境外主要有两种相 ...","content":"<p><html><body><div>MSCI China A50 futures have been listed on the Hong Kong Stock Exchange for more than a year. The comprehensive use of domestic and overseas A-share related derivatives has become an important means for foreign investors to allocate A-share assets for risk hedging. Domestically, the stock index futures of CICC and related option contracts are the main ones, and there are two main related stock index futures overseas: FTSE China A50 Index Futures and MSCI China A50 Futures. By comparing and analyzing the differences of three A-share futures at home and abroad, this paper finds out the reference significance for the development of China's stock index futures market.</p><p>Comparison of overseas A-share futures contracts</p><p>FTSE China A50 Index Futures is a derivative related to China's A-share market listed on the Singapore Stock Exchange. After years of development, it has become an important tool for foreign investors to hedge the A-share market. The tracking target is compiled by FTSE Russell Index Company, and the index adjustment is carried out quarterly, in March, June, September and December every year to ensure that the index can accurately reflect the Chinese market. The FTSE China A50 is usually compared with the SSE 50, but there are certain differences between the two. The overall style of the FTSE China A50 Index is more consumption-oriented, while the overall style of the SSE 50 Index is more big finance-oriented.</p><p>MSCI China A50 Futures</p><p>MSCI China A50 Futures Yes<a href=\"https://laohu8.com/S/00388\">HKEX</a>Derivatives launched on October 18, 2021, this is the first index futures contract related to the A-share market launched by the Hong Kong Stock Exchange, and it is also the first A-share-related stock index futures contract issued overseas approved by the China Securities Regulatory Commission., has been approved and recognized by the regulatory authorities in mainland China. The tracking target is based on 50 stocks screened by MSCI China A-Share Index (parent index). The constituent stocks of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are divided into 11 GICS industries. The two constituent stocks with the highest market value in each industry are selected, and the remaining 28 constituent stocks are selected from the parent index according to the index weight, and the weight of the final selected securities is weighted based on their free float market value weight in the parent index. The overall characteristic is that it reduces the proportion of finance and daily consumption, increases the industry weight of industry and materials, reflects the establishment characteristics of \"heavy industry and light finance\", and can more fully reflect the structure of the A-share market in comparison.</p><p>Comparative analysis of differences between domestic and foreign A-share futures</p><p>SSE 50 stock index futures are important financial derivatives in China. Although all three track the trend of the A-share market, the differences in compilation methods and weight adjustments of their corresponding indexes lead to different representativeness of the three types of index futures. In addition, the futures contract designs of the three are also different. In terms of trading hours, the trading hours of FTSE China A50 futures and MSCI China A50 futures are both 9:00-16:30 on T-day, which completely covers the trading hours of domestic IH. At the same time, night trading is set up, but the time of MSCI China is slightly shorter, but it can also meet the needs of traders in different time zones around the world. In terms of delivery and expiration, the rules of MSCI China A50 futures and IH contracts are completely consistent, which facilitates arbitrage transactions between them; In terms of contract size, according to the index point, multiplier, minimum price change and offshore RMB exchange rate, the amount of 1 lot of IH contract is about 800,000 yuan (2,600 points), with a minimum change of 60 yuan, and 1 lot of FTSE China The unit size of A50 futures is about 90,000 yuan (12,294 points) with a minimum change of 7.13 yuan, and the unit size of one lot of MSCI China A50 contract is about 370,000 yuan (2,106 points) with a minimum change of 35.65 yuan.</p><p>Statistics are made on the correlation between the Shanghai Composite 50 Index linked to the stock index futures of the domestic China Financial Futures Exchange and the FTSE China A50 and MSCI China A50 Index. The data results from 2015 to the present show that the correlation between the MSCI China A50 Index and other indexes is above 0.9, of which the correlation with the Shanghai Composite 50 Index is 0.9615. In contrast, the FTSE China A50 Index has the highest correlation with the Shanghai Composite 50 Index (0.9867). Judging from the correlation coefficient calculated by historical rolling, the correlation between indexes will reach a periodic low point. At this time, due to the difference between the compilation method and the constituent stocks, the index trend will diverge.</p><p>The Reference Significance for the Development of China's Stock Index Futures Market</p><p>Through the comparative analysis of three domestic and foreign A-share futures, FTSE A50 futures and CICC stock index futures were listed earlier and have high market participation. Since the underlying indexes tracked by the two are very close, the risk hedging functions they can provide are highly overlapping. MSCI China A50 futures has been highly recognized by the market since its listing one year ago, with active trading and gradually enlarged trading volume. It has become an important risk hedging tool.</p><p>Since 2003, foreign capital has entered the domestic securities market to buy and sell stocks in the form of QFII. According to the third quarterly report of 2022, the QFII quota reached 717.872 billion yuan, involving 893 stocks. After years of development, QFII has become a benchmark for global capital investment in China. From the perspective of shareholding industries, the layout of foreign capital A-shares has begun to show the characteristics of dispersion, and the demand of various types of industries is constantly rising. Machinery and equipment, medicine and biology, electronics and chemical industry are industries with high shareholding by QFII, which is in line with QFII's insistence on low valuation. The investment style of buying and holding for a long time. As the industries held become more fragmented and the number of movements per period increases, there is an urgent need for index derivatives that can represent different styles of the market to hedge the risk of holdings, and the demand for hedging instruments is increasing day by day.</p><p>In addition, another important way for foreign capital to enter the domestic securities market is Land Stock Connect. In the past two years, the A-share market has fluctuated and declined widely, industry performance differences have increased, short-term inflows and outflows of northbound funds have increased, and industry allocations have also undergone significant adjustments. From the perspective of high-low industry style switching and northbound capital inflow shift, complex and changeable market styles lead to industry risk exposure for foreign capital. Diversified market indexes and futures contracts that take into account domestic and foreign trading hours and settlement rules will play an increasingly important role.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Finance (ths518), access more opportunities</strong></p><p><span></span></div></body></html></p>","source":"ths_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Difference analysis and development reference of domestic and foreign A-share futures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDifference analysis and development reference of domestic and foreign A-share futures\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">同花顺财经期货</strong><span class=\"h-time small\">2023-02-16 22:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>MSCI China A50 futures have been listed on the Hong Kong Stock Exchange for more than a year. The comprehensive use of domestic and overseas A-share related derivatives has become an important means for foreign investors to allocate A-share assets for risk hedging. Domestically, the stock index futures of CICC and related option contracts are the main ones, and there are two main related stock index futures overseas: FTSE China A50 Index Futures and MSCI China A50 Futures. By comparing and analyzing the differences of three A-share futures at home and abroad, this paper finds out the reference significance for the development of China's stock index futures market.</p><p>Comparison of overseas A-share futures contracts</p><p>FTSE China A50 Index Futures is a derivative related to China's A-share market listed on the Singapore Stock Exchange. After years of development, it has become an important tool for foreign investors to hedge the A-share market. The tracking target is compiled by FTSE Russell Index Company, and the index adjustment is carried out quarterly, in March, June, September and December every year to ensure that the index can accurately reflect the Chinese market. The FTSE China A50 is usually compared with the SSE 50, but there are certain differences between the two. The overall style of the FTSE China A50 Index is more consumption-oriented, while the overall style of the SSE 50 Index is more big finance-oriented.</p><p>MSCI China A50 Futures</p><p>MSCI China A50 Futures Yes<a href=\"https://laohu8.com/S/00388\">HKEX</a>Derivatives launched on October 18, 2021, this is the first index futures contract related to the A-share market launched by the Hong Kong Stock Exchange, and it is also the first A-share-related stock index futures contract issued overseas approved by the China Securities Regulatory Commission., has been approved and recognized by the regulatory authorities in mainland China. The tracking target is based on 50 stocks screened by MSCI China A-Share Index (parent index). The constituent stocks of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect are divided into 11 GICS industries. The two constituent stocks with the highest market value in each industry are selected, and the remaining 28 constituent stocks are selected from the parent index according to the index weight, and the weight of the final selected securities is weighted based on their free float market value weight in the parent index. The overall characteristic is that it reduces the proportion of finance and daily consumption, increases the industry weight of industry and materials, reflects the establishment characteristics of \"heavy industry and light finance\", and can more fully reflect the structure of the A-share market in comparison.</p><p>Comparative analysis of differences between domestic and foreign A-share futures</p><p>SSE 50 stock index futures are important financial derivatives in China. Although all three track the trend of the A-share market, the differences in compilation methods and weight adjustments of their corresponding indexes lead to different representativeness of the three types of index futures. In addition, the futures contract designs of the three are also different. In terms of trading hours, the trading hours of FTSE China A50 futures and MSCI China A50 futures are both 9:00-16:30 on T-day, which completely covers the trading hours of domestic IH. At the same time, night trading is set up, but the time of MSCI China is slightly shorter, but it can also meet the needs of traders in different time zones around the world. In terms of delivery and expiration, the rules of MSCI China A50 futures and IH contracts are completely consistent, which facilitates arbitrage transactions between them; In terms of contract size, according to the index point, multiplier, minimum price change and offshore RMB exchange rate, the amount of 1 lot of IH contract is about 800,000 yuan (2,600 points), with a minimum change of 60 yuan, and 1 lot of FTSE China The unit size of A50 futures is about 90,000 yuan (12,294 points) with a minimum change of 7.13 yuan, and the unit size of one lot of MSCI China A50 contract is about 370,000 yuan (2,106 points) with a minimum change of 35.65 yuan.</p><p>Statistics are made on the correlation between the Shanghai Composite 50 Index linked to the stock index futures of the domestic China Financial Futures Exchange and the FTSE China A50 and MSCI China A50 Index. The data results from 2015 to the present show that the correlation between the MSCI China A50 Index and other indexes is above 0.9, of which the correlation with the Shanghai Composite 50 Index is 0.9615. In contrast, the FTSE China A50 Index has the highest correlation with the Shanghai Composite 50 Index (0.9867). Judging from the correlation coefficient calculated by historical rolling, the correlation between indexes will reach a periodic low point. At this time, due to the difference between the compilation method and the constituent stocks, the index trend will diverge.</p><p>The Reference Significance for the Development of China's Stock Index Futures Market</p><p>Through the comparative analysis of three domestic and foreign A-share futures, FTSE A50 futures and CICC stock index futures were listed earlier and have high market participation. Since the underlying indexes tracked by the two are very close, the risk hedging functions they can provide are highly overlapping. MSCI China A50 futures has been highly recognized by the market since its listing one year ago, with active trading and gradually enlarged trading volume. It has become an important risk hedging tool.</p><p>Since 2003, foreign capital has entered the domestic securities market to buy and sell stocks in the form of QFII. According to the third quarterly report of 2022, the QFII quota reached 717.872 billion yuan, involving 893 stocks. After years of development, QFII has become a benchmark for global capital investment in China. From the perspective of shareholding industries, the layout of foreign capital A-shares has begun to show the characteristics of dispersion, and the demand of various types of industries is constantly rising. Machinery and equipment, medicine and biology, electronics and chemical industry are industries with high shareholding by QFII, which is in line with QFII's insistence on low valuation. The investment style of buying and holding for a long time. As the industries held become more fragmented and the number of movements per period increases, there is an urgent need for index derivatives that can represent different styles of the market to hedge the risk of holdings, and the demand for hedging instruments is increasing day by day.</p><p>In addition, another important way for foreign capital to enter the domestic securities market is Land Stock Connect. In the past two years, the A-share market has fluctuated and declined widely, industry performance differences have increased, short-term inflows and outflows of northbound funds have increased, and industry allocations have also undergone significant adjustments. From the perspective of high-low industry style switching and northbound capital inflow shift, complex and changeable market styles lead to industry risk exposure for foreign capital. Diversified market indexes and futures contracts that take into account domestic and foreign trading hours and settlement rules will play an increasingly important role.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Finance (ths518), access more opportunities</strong></p><p><span></span></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://goodsfu.10jqka.com.cn/20230216/c644932643.shtml\">同花顺财经期货</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"510030":"价值ETF","510050":"上证50ETF","512550":"富时A50ETF嘉实","FXP":"二倍做空富时中国50ETF-ProShares","000016.SH":"上证50","XPP":"二倍做多富时中国50ETF(ProShares)","000300.SH":"沪深300","YXI":"ProShares做空FTSE中国50ETF"},"source_url":"http://goodsfu.10jqka.com.cn/20230216/c644932643.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311244919","content_text":"港交所挂牌MSCI中国A50期货已有一年多时间，境内外A股相关衍生品的综合使用，成为外资配置A股资产进行风险对冲的重要手段。境内以中金所的股指期货为主以及相关期权合约，境外主要有两种相关的股指期货：富时中国A50指数期货和MSCI中国A50期货。通过对比分析境内外三种A股期货进行差异分析，找出对我国股指期货市场发展的借鉴意义。　　境外A股期货合约比较　　富时中国A50指数期货是新加坡证券交易所上市的中国A股市场相关的衍生品，经过多年发展已成为外资对冲A股市场的重要工具。跟踪标的由富时罗素指数公司编制，指数调整按季度开展，每年的3月、6月、9月和12月进行以确保该指数能准确反映中国市场。通常会将富时中国A50与上证50进行对比，但两者存在一定区别，富时中国A50指数的整体风格更偏向消费，而上证50指数的整体风格更偏向大金融。　　MSCI中国A50期货　　MSCI中国A50期货是香港交易所2021年10月18日推出的衍生品，这是港交所推出的首个与A股市场相关的指数期货合约，也是境外发行的第一个由中国证监会审核通过的A股相关股指期货合约，得到了中国内地监管部门的批准和认可。跟踪标的是基于MSCI中国A股指数（母指数）筛选的50只股票，将沪港通、深港通成分股划分到11个GICS行业，各选取行业中市值居前的2只成分股，剩余的28只成分股按指数权重从母指数中选出，最后所选证券的权重基于其在母指数的自由流通市值权重加权。整体特点是减少了金融和日常消费的占比，增加了工业、材料的行业权重，体现出“重工业、轻金融”的编制特点，相比而言更能全面反映A股市场的结构。　　境内外A股期货差异对比分析　　上证50股指期货是国内重要的金融衍生品，尽管三者都是跟踪A股市场的走势，但各自对应的指数在编制方法以及权重调整上的不同导致三类指数期货代表性各有侧重，此外三者的期货合约设计也有所不同。交易时间方面，富时中国A50期货和MSCI中国A50期货的交易时间T日都是9:00-16:30，完全覆盖了国内IH的交易时间，同时设置了夜盘交易，但是MSCI中国的时长稍短一些，但也能满足全球不同时区交易者的需求。交割到期方面，MSCI中国A50期货与IH合约规则完全一致，方便两者之间进行套利交易；合约规模方面，根据指数点位、乘数、最小变动价位和离岸人民币汇率来看，1手IH合约的金额规模约为80万元（2600点）最小变动为60元，1手富时中国A50期货单位规模约为9万元（12294点）最小变动为7.13元，1手MSCI中国A50合约单位规模约为37万元(2106点)，最小变动为35.65元。　　统计境内中金所股指期货挂钩的上证50指数与富时中国A50、MSCI中国A50指数之间的相关性。2015年至今的数据结果显示，MSCI中国A50指数与其他指数的相关性均在0.9以上，其中与上证50指数的相关性为0.9615，相比之下，富时中国A50指数与上证50指数的相关性最高（0.9867）。从历史滚动计算的相关系数来看，指数之间的相关性会出现阶段性的低点，此时由于编制方法和成分股之间的差异导致指数走势出现分歧。　　对我国股指期货市场发展的借鉴意义　　通过对比分析境内外三种A股期货，其中富时A50期货和中金所股指期货上市较早，市场参与度高，由于两者跟踪的标的指数非常接近，所能提供的风险对冲功能高度重叠。MSCI中国A50期货上市一年以来市场认可度高，交易活跃，成交量逐渐放大，已成为重要的风险对冲工具。　　自2003年起，外资以QFII的形式进入国内证券市场买卖股票，根据2022年三季报，QFII额度达7178.72亿元，涉及股票893只，历经多年发展，QFII已经成为全球资本投资中国的风向标。从持股行业来看，外资布局A股开始呈现分散的特点，各类型的行业需求都在不断上升，机械设备、医药生物、电子和化工是QFII持股较高的行业，符合QFII坚持低估值时买入、长期持有的投资风格。随着持有的行业越来越分散，而且每期变动的数量也在增加，因此迫切需要能够代表市场不同风格的指数衍生品来对冲持股风险，对冲工具的需求与日俱增。　　除此之外，外资进入国内证券市场的另一种重要途径是陆股通。最近两年A股市场宽幅振荡下跌，行业表现差异加大，北向资金的短期流入流出幅度加大，行业配置也出现大幅调整。从行业风格高低切换和北向资金流入转向的角度来看，复杂多变的市场风格导致外资的行业风险暴露，多样化的市场指数以及兼顾国内外交易时段、结算规则的期货合约将发挥越来越重要的作用。\n关注同花顺财经（ths518），获取更多机会","news_type":1,"symbols_score_info":{"510030":0.6,"510050":0.6,"512550":0.6,"000016.SH":0.6,"CNmain":0.9,"XPP":0.6,"YXI":0.6,"000300.SH":0.6,"FXP":0.6}},"isVote":1,"tweetType":1,"viewCount":2600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":622498590,"gmtCreate":1675780522312,"gmtModify":1675780522312,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622498590","repostId":"1133479298","repostType":2,"isVote":1,"tweetType":1,"viewCount":2604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":626284379,"gmtCreate":1674218998192,"gmtModify":1676538931214,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626284379","isVote":1,"tweetType":1,"viewCount":2334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623798286,"gmtCreate":1671659656847,"gmtModify":1676538570744,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623798286","repostId":"667839965","repostType":1,"repost":{"id":667839965,"gmtCreate":1668679692782,"gmtModify":1676538096019,"author":{"id":"20703384576125","authorId":"20703384576125","name":"Seven8","avatar":"https://static.tigerbbs.com/63c5325d49ab0fd75150e915a280d214","crmLev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Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> 及<a href=\"https://laohu8.com/S/CG\">$凱雷(CG)$</a> 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","listText":"最近美國政府公佈了針對一項外國人投資PTP類型公司的新稅法政策，該法案將於2023年1月1日起生效。根據PTP的最新規定：對於非美國籍投資者持有或出售、交易或轉移PTP相關證券時，將產生下列美國稅務成本：●&nbsp;賣出、交易或轉移PTP相關證券時，按交易總金額10%扣繳預扣稅；●&nbsp;獲得股息分配時，按分配股息總金額37%(個人投資者)或21%(公司或機構投資者)扣繳預扣稅。那麼PTP到底是什麼？本文將爲大家進行解析答疑。PTP是什麼？PTP是Public Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> 及<a href=\"https://laohu8.com/S/CG\">$凱雷(CG)$</a> 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","text":"最近美國政府公佈了針對一項外國人投資PTP類型公司的新稅法政策，該法案將於2023年1月1日起生效。根據PTP的最新規定：對於非美國籍投資者持有或出售、交易或轉移PTP相關證券時，將產生下列美國稅務成本：● 賣出、交易或轉移PTP相關證券時，按交易總金額10%扣繳預扣稅；● 獲得股息分配時，按分配股息總金額37%(個人投資者)或21%(公司或機構投資者)扣繳預扣稅。那麼PTP到底是什麼？本文將爲大家進行解析答疑。PTP是什麼？PTP是Public Traded Partnership (公開交易合夥事業)，是美國公司型態及股票的一種類型，類似國內公司型態分類，可以分爲獨資、合夥、股份有限公司等…，而PTP比較傾向合夥公司的概念。PTP是一種公司/股票架構，除了合夥公司外ETF、投資公司也常採用這種架構，像這次影響較多的是ETF，另外著名私募基金$黑石(BX)$ 及$凱雷(CG)$ 也在這次影響清單中。如果持有PTP標的會有什麼影響?在法案生效之前，目前PTP標的仍然可以正常交易，因爲並沒有退市，只是納稅規定改變而已。但是從2023年一月一號起，賣出PTP標的時要繳「交易總額x10%」的稅。舉個栗子，如果你用100萬美元買進一支PTP股票，獲利50%，股票總額達到150萬美元賣出，你需要繳稅的公式是「150萬x 10% = 15萬」。如果用100萬美元買進，獲利10%、110萬賣出，需要繳稅11萬，瞬間從獲利10%變成虧1%了。此外，有一點值得關注，由於納稅方式及比例的改變，機構可能會採取措施停止客戶對相關標的進行交易。如何辨別哪些標的屬於PTP法案範圍？通常PTP會出現在能源、原物料、房地產產業（因爲這類","images":[{"img":"https://static.tigerbbs.com/2c0488794a21018490d134e8782539c0","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/667839965","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623853648,"gmtCreate":1671203671885,"gmtModify":1676538508616,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"Q","listText":"Q","text":"Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623853648","repostId":"620917591","repostType":1,"repost":{"id":620917591,"gmtCreate":1669280630969,"gmtModify":1676538178306,"author":{"id":"37000856390400","authorId":"37000856390400","name":"小虎通知","avatar":"https://static.laohu8.com/40ff9573326cbdce8ed2a4976ed63455","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"37000856390400","authorIdStr":"37000856390400"},"themes":[],"title":"重要通知：美國公開交易合夥企業（“PTP”）證券的新稅項","htmlText":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊<a href=\"https://www.irs.gov/individuals/international-taxpayers/partnership-withholding\" target=\"_blank\">此處</a>瞭解有關美國PTP 預扣稅的更多信息，並單擊<a href=\"https://www.itigerup.com/PTP-list\" target=\"_blank\">此處</a>查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","listText":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊<a href=\"https://www.irs.gov/individuals/international-taxpayers/partnership-withholding\" target=\"_blank\">此處</a>瞭解有關美國PTP 預扣稅的更多信息，並單擊<a href=\"https://www.itigerup.com/PTP-list\" target=\"_blank\">此處</a>查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","text":"尊敬的客戶：您好！美國國稅局(“IRS”)根據美國稅法(“IRC”)第1446(f) 發佈了一項新規定, 主要影響投資於美國 PTP 證券的非美國人士。自 2023 年 1 月 1 日起，非美國人士在出售或交易美國 PTP 證券時會被徵收總賣出成交金額 10% 的預扣稅。鑑於預扣稅的複雜性，老虎證券新西蘭（下稱“老虎證券”）將採取以下行動： 自 2022 年 12 月 1 日起，老虎證券將停止接受美國PTP 證券及相關衍生品的開倉委託和股份轉入請求； 持有此類美國PTP 證券的客戶可以選擇在 2022 年 12 月 28 日收盤前平倉，以避免產生上述額外的扣稅；自 2022 年 12 月 29 日起，老虎證券將停止接受美國 PTP 證券的平倉委託，客戶可以選擇將上述股份轉出至其他券商； 若客戶持有底層標的爲 PTP 證券的衍生品，請注意如因(被)行權導致在 2023 年 1月 1 日及之後發生賣出行爲，老虎證券會代扣 10% 預扣稅； 如因(被)行權導致在2022 年 12 月 29 日及之後產生多頭持倉，客戶將無法通過老虎證券平倉，客戶可以選擇將上述股份轉出至其他券商。 請單擊此處瞭解有關美國PTP 預扣稅的更多信息，並單擊此處查看美國 PTP 證券列表。請注意，此列表並非詳盡無遺，可能隨時更改。上述安排可能會不時更新，我們將另行通知您。如果您需要幫助或有任何疑問，請隨時聯繫我們的客戶服務團隊。","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620917591","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":623171096,"gmtCreate":1671161443017,"gmtModify":1676538501838,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/623171096","repostId":"1121214074","repostType":2,"isVote":1,"tweetType":1,"viewCount":1966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":629811370,"gmtCreate":1670403792091,"gmtModify":1676538361062,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/629811370","repostId":"1126749995","repostType":2,"repost":{"id":"1126749995","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670403015,"share":"https://ttm.financial/m/news/1126749995?lang=en_US&edition=fundamental","pubTime":"2022-12-07 16:50","market":"hk","language":"zh","title":"Summary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126749995","media":"老虎资讯综合","summary":"摘要：恒指失守19000点，内房股、大型科技股集体走弱；熊去氧胆酸概念股涨幅居前，共同药业、海辰药业涨停；美国三大股指期货下跌，欧洲主要指数跌多涨少。港股三大指数早盘维持震荡，午后防疫“新十条”发布，","content":"<p><html><head></head><body><b>Abstract: The Hang Seng Index fell below 19,000 points, and mainland real estate stocks and large technology stocks collectively weakened; Ursodeoxycholic acid concept stocks were among the top gainers,<a href=\"https://laohu8.com/S/300966\">Common Pharmaceuticals</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>Daily limit; The three major U.S. stock index futures fell, while the major European indexes fell more than rose.</b><b>Hong Kong Stocks</b></p><p>The three major indexes remained volatile in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The three major indexes briefly surged and then dived. The Hang Seng Technology Index once fell to 4% and closed down 3.77%, barely holding the 4,000-point mark. The Hang Seng Index and the State Index fell 3.22% and 3.31% respectively, and the Hang Seng Index fell below 19,000 points. The net outflow of southbound funds throughout the day was HK $1.775 billion, and the market turnover was HK $207.4 billion.</p><p><img src=\"https://static.tigerbbs.com/afc3dd149b29c00e928a658c47c51651\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/2182a02ad3bf1b400fd00a3e27f0ca8e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Large technology stocks generally fell,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 5%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Meituan,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell nearly 4%, and Kuaishou fell nearly 3%.</p><p>Tobacco concept stocks were among the top losers,<a href=\"https://laohu8.com/S/06969\">Smol International</a>Fell more than 8%,<a href=\"https://laohu8.com/S/00285\">BYD Electronics</a>Fell more than 6%,<a href=\"https://laohu8.com/S/06055\">China Tobacco Hong Kong</a>、<a href=\"https://laohu8.com/S/00336\">Huabao International</a>Follow the decline.</p><p>Mainland real estate stocks and property stocks were among the top losers.<a href=\"https://laohu8.com/S/03380\">Logan Group</a>Fell more than 17%,<a href=\"https://laohu8.com/S/01238\">Powerlong Real Estate</a>、<a href=\"https://laohu8.com/S/02007\">Country Garden</a>Fell more than 15%, CIFI Holdings,<a href=\"https://laohu8.com/S/01030\">New Town Development</a>Fell more than 13%,<a href=\"https://laohu8.com/S/00960\">Longfor Group</a>Fell more than 12%,<a href=\"https://laohu8.com/S/02777\">R&F Properties</a>Fell more than 11%,<a href=\"https://laohu8.com/S/06098\">Country Garden Services</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01516\">Sunac Service</a>、<a href=\"https://laohu8.com/S/09666\">Jinke Service</a>Fell more than 9%.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Concept stocks fell,<a href=\"https://laohu8.com/S/002594\">BYD</a>Electronics,<a href=\"https://laohu8.com/S/02382\">Sunny Optical Technology</a>Fell more than 6%,<a href=\"https://laohu8.com/S/02018\">AAC Technology</a>Fell more than 5%.</p><p>Catering stocks fell,<a href=\"https://laohu8.com/S/09922\">Jiu Mao Jiu</a>Fell more than 6%,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>Fell more than 8%,<a href=\"https://laohu8.com/S/06862\">Haidilao</a>Fell nearly 4%.</p><p>Wind stocks fell,<a href=\"https://laohu8.com/S/002202\">Goldwind Technology</a>Fell more than 7%,<a href=\"https://laohu8.com/S/01798\">Datang New Energy</a>Fell more than 4%,<a href=\"https://laohu8.com/S/001289\">Longyuan Power</a>Fell more than 3%.</p><p>Gold stocks fell,<a href=\"https://laohu8.com/S/600547\">Shandong Gold</a>Fell more than 5%,<a href=\"https://laohu8.com/S/601899\">Zijin Mining</a>Fell more than 4%,<a href=\"https://laohu8.com/S/01818\">Zhaojin Mining</a>、<a href=\"https://laohu8.com/S/02099\">China Gold International</a>Fell more than 3%.</p><p>Steel stocks fell,<a href=\"https://laohu8.com/S/601005\">Chongqing Iron and Steel</a>Fell more than 6%, Maanshan Iron and Steel,<a href=\"https://laohu8.com/S/000898\">Anshan Iron and Steel Co., Ltd</a>Fell more than 4%.</p><p>Gaming stocks pulled back,<a href=\"https://laohu8.com/S/01128\">Wynn Macau</a>Fell more than 6%, Sands China fell more than 5%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>、<a href=\"https://laohu8.com/S/00200\">Melco International Development</a>Fell more than 3%.</p><p>Aviation stocks broke out collectively, China<a href=\"https://laohu8.com/S/CEA\">Eastern Airlines</a>Up more than 6%,<a href=\"https://laohu8.com/S/601111\">Air China</a>Rose more than 4%,<a href=\"https://laohu8.com/S/00357\">Meilan Airport</a>Up more than 3%, China<a href=\"https://laohu8.com/S/ZNH\">Southern Airlines</a>Up more than 2%.</p><p>Pharmaceutical stocks were active,<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>Up nearly 28%,<a href=\"https://laohu8.com/S/00867\">CMS Pharmaceutical</a>It rose by more than 20%, Kangfang Bio rose by more than 18%, Runmed rose by more than 7%, and Kintor Pharmaceuticals followed suit.</p><p><b>A Shares</b></p><p>The three major A-share indexes were mixed. The Shanghai Composite Index fluctuated weakly in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The Shanghai Composite Index quickly pulled to an intraday high of about 0.4% and then dived, finally closing down 0.4% to 3199 points. The Shenzhen Component Index rose 0.17%, and the ChiNext Index, which once rose 1.6% in intraday trading, closed up 0.87%. 2,830 stocks in the two cities fell, and 2010 stocks rose, with a turnover of 948 billion yuan, and a net purchase of 270 million yuan from northbound funds.</p><p>Antiviral fabric concept stocks led the gains throughout the day,<a href=\"https://laohu8.com/S/600493\">Fengzhu Textile</a>、<a href=\"https://laohu8.com/S/600803\">ENN shares</a>、<a href=\"https://laohu8.com/S/002875\">Anelle</a>、<a href=\"https://laohu8.com/S/002243\">Lihe Kechuang</a>、<a href=\"https://laohu8.com/S/002193\">Ruyi Group</a>The daily limit, Nanshan IQ rose by more than 9%.</p><p>Ursodeoxycholic acid concept stocks were among the top gainers, Science and Technology Innovation Board<a href=\"https://laohu8.com/S/688247\">Xuantai Pharmaceutical</a>One-word board, Gongdong Pharmaceutical and Haichen Pharmaceutical have daily limit,<a href=\"https://laohu8.com/S/300436\">Kwong Sheng Hall</a>、<a href=\"https://laohu8.com/S/300039\">Shanghai Kaibao</a>、<a href=\"https://laohu8.com/S/300194\">Fuan Pharmaceutical</a>Waiting for a sharp rise.<b>[A market report triggered a surge in ursodeoxycholic acid concept stocks!</b><span style=\"color:rgba(65,29,27,1);\"><b>Studies have shown that ursodeoxycholic acid (UDCA), a drug for treating liver disease, can be used to prevent COVID-19 infection. Because the drug targets host cells rather than viruses, it may protect against future new variants of the virus, as well as other coronaviruses that may emerge.</b></span><b>】</b></p><p>Tourism and hotel stocks rose in the afternoon,<a href=\"https://laohu8.com/S/000978\">Guilin Tourism</a>、<a href=\"https://laohu8.com/S/600706\">Qujiang Wenlv</a>Daily limit,<a href=\"https://laohu8.com/S/600138\">CYTS</a>Up by more than 5%, Yunnan tourism,<a href=\"https://laohu8.com/S/000430\">Zhangjiajie</a>, Jiuhua Tourism and other stocks followed suit.</p><p>The airport shipping sector was active.<a href=\"https://laohu8.com/S/600221\">HNA Holdings</a>Daily limit,<a href=\"https://laohu8.com/S/600515\">Hainan Airport</a>It rose nearly 7%, Juneyao Airlines rose more than 4%,<a href=\"https://laohu8.com/S/00753\">Air China</a>, China Eastern Airlines, China Airlines,<a href=\"https://laohu8.com/S/000089\">Shenzhen Airport</a>Wait for individual stocks to follow suit.</p><p>Perovskite batteries were among the top losers, with Colorful Chemical falling more than 6% and Jept falling more than 4%.<a href=\"https://laohu8.com/S/000821\">Jingshan light machinery</a>、<a href=\"https://laohu8.com/S/600586\">Jinjing Technology</a>Wait for individual stocks to follow suit.</p><p>The real estate sector continued to be nearly weak. Urban construction shares,<a href=\"https://laohu8.com/S/000608\">Sunshine Shares</a>Down limit, Shenshenfang A has fallen by the limit for the second consecutive time. Chinese enterprises fell more than 9%.</p><p>The semiconductor sector is sluggish.<a href=\"https://laohu8.com/S/300373\">Yangjie Technology</a>Fell more than 6%, Canrui Technology,<a href=\"https://laohu8.com/S/688261\">East Micro Semiconductor</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>Fell more than 4%.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell. As of press time, Dow futures fell 0.05%; S&P 500 futures fell 0.08%; Nasdaq 100 futures fell 0.17%.<img src=\"https://static.tigerbbs.com/2ca13ee8100138f7ee0aacd95af33470\" tg-width=\"828\" tg-height=\"252\" referrerpolicy=\"no-referrer\"/><b>European stocks</b></p><p>Major European indexes fell more than rose, with the European Stoxx 50 index falling 0.04%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.25%, while the German DAX30 index fell 0.09%.<img src=\"https://static.tigerbbs.com/73a7ff0de17a9d7ab26b56fc16d977a7\" tg-width=\"823\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices rose, with U.S. oil reporting at $74.27/barrel, an intraday increase of 0.01%; Brent oil is now trading at $79.44 per barrel, an intraday increase of 0.11%.</p><p>The positive impact of the relaxation of epidemic control by major Asian countries has subsided. The rebound of the US dollar has put pressure on oil prices. Moreover, OPEC + did not expand the scale of production cuts last weekend. The EU's oil price ceiling on Russia is relatively high, and the export price ceiling to Russia has led to the disruption of crude oil supply. Concerns recede, and short-term oil prices face further downside risks.</p><p><b>Gold</b></p><p>Spot gold rose 0.13% during the day to $1,784.70 an ounce.</p><p>Geopolitical tensions, lingering worries about global economic recession, bargain hunting and safe-haven buying provide support for gold prices. However, the US Dollar Index's rebound this week has made bulls scruples, and there are also some signals of top divergence on the technical side, so it is necessary to beware of the risk of further correction in gold prices.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Summary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSummary | Suddenly plunged, the Hang Seng Index fell below 19,000 points! Concept stocks skyrocketed, who is ursodeoxycholic acid?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-12-07 16:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract: The Hang Seng Index fell below 19,000 points, and mainland real estate stocks and large technology stocks collectively weakened; Ursodeoxycholic acid concept stocks were among the top gainers,<a href=\"https://laohu8.com/S/300966\">Common Pharmaceuticals</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>Daily limit; The three major U.S. stock index futures fell, while the major European indexes fell more than rose.</b><b>Hong Kong Stocks</b></p><p>The three major indexes remained volatile in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The three major indexes briefly surged and then dived. The Hang Seng Technology Index once fell to 4% and closed down 3.77%, barely holding the 4,000-point mark. The Hang Seng Index and the State Index fell 3.22% and 3.31% respectively, and the Hang Seng Index fell below 19,000 points. The net outflow of southbound funds throughout the day was HK $1.775 billion, and the market turnover was HK $207.4 billion.</p><p><img src=\"https://static.tigerbbs.com/afc3dd149b29c00e928a658c47c51651\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/2182a02ad3bf1b400fd00a3e27f0ca8e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>Large technology stocks generally fell,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 5%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Meituan,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell nearly 4%, and Kuaishou fell nearly 3%.</p><p>Tobacco concept stocks were among the top losers,<a href=\"https://laohu8.com/S/06969\">Smol International</a>Fell more than 8%,<a href=\"https://laohu8.com/S/00285\">BYD Electronics</a>Fell more than 6%,<a href=\"https://laohu8.com/S/06055\">China Tobacco Hong Kong</a>、<a href=\"https://laohu8.com/S/00336\">Huabao International</a>Follow the decline.</p><p>Mainland real estate stocks and property stocks were among the top losers.<a href=\"https://laohu8.com/S/03380\">Logan Group</a>Fell more than 17%,<a href=\"https://laohu8.com/S/01238\">Powerlong Real Estate</a>、<a href=\"https://laohu8.com/S/02007\">Country Garden</a>Fell more than 15%, CIFI Holdings,<a href=\"https://laohu8.com/S/01030\">New Town Development</a>Fell more than 13%,<a href=\"https://laohu8.com/S/00960\">Longfor Group</a>Fell more than 12%,<a href=\"https://laohu8.com/S/02777\">R&F Properties</a>Fell more than 11%,<a href=\"https://laohu8.com/S/06098\">Country Garden Services</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01516\">Sunac Service</a>、<a href=\"https://laohu8.com/S/09666\">Jinke Service</a>Fell more than 9%.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Concept stocks fell,<a href=\"https://laohu8.com/S/002594\">BYD</a>Electronics,<a href=\"https://laohu8.com/S/02382\">Sunny Optical Technology</a>Fell more than 6%,<a href=\"https://laohu8.com/S/02018\">AAC Technology</a>Fell more than 5%.</p><p>Catering stocks fell,<a href=\"https://laohu8.com/S/09922\">Jiu Mao Jiu</a>Fell more than 6%,<a href=\"https://laohu8.com/S/09869\">Helen Division</a>Fell more than 8%,<a href=\"https://laohu8.com/S/06862\">Haidilao</a>Fell nearly 4%.</p><p>Wind stocks fell,<a href=\"https://laohu8.com/S/002202\">Goldwind Technology</a>Fell more than 7%,<a href=\"https://laohu8.com/S/01798\">Datang New Energy</a>Fell more than 4%,<a href=\"https://laohu8.com/S/001289\">Longyuan Power</a>Fell more than 3%.</p><p>Gold stocks fell,<a href=\"https://laohu8.com/S/600547\">Shandong Gold</a>Fell more than 5%,<a href=\"https://laohu8.com/S/601899\">Zijin Mining</a>Fell more than 4%,<a href=\"https://laohu8.com/S/01818\">Zhaojin Mining</a>、<a href=\"https://laohu8.com/S/02099\">China Gold International</a>Fell more than 3%.</p><p>Steel stocks fell,<a href=\"https://laohu8.com/S/601005\">Chongqing Iron and Steel</a>Fell more than 6%, Maanshan Iron and Steel,<a href=\"https://laohu8.com/S/000898\">Anshan Iron and Steel Co., Ltd</a>Fell more than 4%.</p><p>Gaming stocks pulled back,<a href=\"https://laohu8.com/S/01128\">Wynn Macau</a>Fell more than 6%, Sands China fell more than 5%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>、<a href=\"https://laohu8.com/S/00200\">Melco International Development</a>Fell more than 3%.</p><p>Aviation stocks broke out collectively, China<a href=\"https://laohu8.com/S/CEA\">Eastern Airlines</a>Up more than 6%,<a href=\"https://laohu8.com/S/601111\">Air China</a>Rose more than 4%,<a href=\"https://laohu8.com/S/00357\">Meilan Airport</a>Up more than 3%, China<a href=\"https://laohu8.com/S/ZNH\">Southern Airlines</a>Up more than 2%.</p><p>Pharmaceutical stocks were active,<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>Up nearly 28%,<a href=\"https://laohu8.com/S/00867\">CMS Pharmaceutical</a>It rose by more than 20%, Kangfang Bio rose by more than 18%, Runmed rose by more than 7%, and Kintor Pharmaceuticals followed suit.</p><p><b>A Shares</b></p><p>The three major A-share indexes were mixed. The Shanghai Composite Index fluctuated weakly in early trading. In the afternoon, the \"New Ten Measures\" for epidemic prevention were released. The Shanghai Composite Index quickly pulled to an intraday high of about 0.4% and then dived, finally closing down 0.4% to 3199 points. The Shenzhen Component Index rose 0.17%, and the ChiNext Index, which once rose 1.6% in intraday trading, closed up 0.87%. 2,830 stocks in the two cities fell, and 2010 stocks rose, with a turnover of 948 billion yuan, and a net purchase of 270 million yuan from northbound funds.</p><p>Antiviral fabric concept stocks led the gains throughout the day,<a href=\"https://laohu8.com/S/600493\">Fengzhu Textile</a>、<a href=\"https://laohu8.com/S/600803\">ENN shares</a>、<a href=\"https://laohu8.com/S/002875\">Anelle</a>、<a href=\"https://laohu8.com/S/002243\">Lihe Kechuang</a>、<a href=\"https://laohu8.com/S/002193\">Ruyi Group</a>The daily limit, Nanshan IQ rose by more than 9%.</p><p>Ursodeoxycholic acid concept stocks were among the top gainers, Science and Technology Innovation Board<a href=\"https://laohu8.com/S/688247\">Xuantai Pharmaceutical</a>One-word board, Gongdong Pharmaceutical and Haichen Pharmaceutical have daily limit,<a href=\"https://laohu8.com/S/300436\">Kwong Sheng Hall</a>、<a href=\"https://laohu8.com/S/300039\">Shanghai Kaibao</a>、<a href=\"https://laohu8.com/S/300194\">Fuan Pharmaceutical</a>Waiting for a sharp rise.<b>[A market report triggered a surge in ursodeoxycholic acid concept stocks!</b><span style=\"color:rgba(65,29,27,1);\"><b>Studies have shown that ursodeoxycholic acid (UDCA), a drug for treating liver disease, can be used to prevent COVID-19 infection. Because the drug targets host cells rather than viruses, it may protect against future new variants of the virus, as well as other coronaviruses that may emerge.</b></span><b>】</b></p><p>Tourism and hotel stocks rose in the afternoon,<a href=\"https://laohu8.com/S/000978\">Guilin Tourism</a>、<a href=\"https://laohu8.com/S/600706\">Qujiang Wenlv</a>Daily limit,<a href=\"https://laohu8.com/S/600138\">CYTS</a>Up by more than 5%, Yunnan tourism,<a href=\"https://laohu8.com/S/000430\">Zhangjiajie</a>, Jiuhua Tourism and other stocks followed suit.</p><p>The airport shipping sector was active.<a href=\"https://laohu8.com/S/600221\">HNA Holdings</a>Daily limit,<a href=\"https://laohu8.com/S/600515\">Hainan Airport</a>It rose nearly 7%, Juneyao Airlines rose more than 4%,<a href=\"https://laohu8.com/S/00753\">Air China</a>, China Eastern Airlines, China Airlines,<a href=\"https://laohu8.com/S/000089\">Shenzhen Airport</a>Wait for individual stocks to follow suit.</p><p>Perovskite batteries were among the top losers, with Colorful Chemical falling more than 6% and Jept falling more than 4%.<a href=\"https://laohu8.com/S/000821\">Jingshan light machinery</a>、<a href=\"https://laohu8.com/S/600586\">Jinjing Technology</a>Wait for individual stocks to follow suit.</p><p>The real estate sector continued to be nearly weak. Urban construction shares,<a href=\"https://laohu8.com/S/000608\">Sunshine Shares</a>Down limit, Shenshenfang A has fallen by the limit for the second consecutive time. Chinese enterprises fell more than 9%.</p><p>The semiconductor sector is sluggish.<a href=\"https://laohu8.com/S/300373\">Yangjie Technology</a>Fell more than 6%, Canrui Technology,<a href=\"https://laohu8.com/S/688261\">East Micro Semiconductor</a>、<a href=\"https://laohu8.com/S/603893\">Rockchip</a>Fell more than 4%.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell. As of press time, Dow futures fell 0.05%; S&P 500 futures fell 0.08%; Nasdaq 100 futures fell 0.17%.<img src=\"https://static.tigerbbs.com/2ca13ee8100138f7ee0aacd95af33470\" tg-width=\"828\" tg-height=\"252\" referrerpolicy=\"no-referrer\"/><b>European stocks</b></p><p>Major European indexes fell more than rose, with the European Stoxx 50 index falling 0.04%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.25%, while the German DAX30 index fell 0.09%.<img src=\"https://static.tigerbbs.com/73a7ff0de17a9d7ab26b56fc16d977a7\" tg-width=\"823\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices rose, with U.S. oil reporting at $74.27/barrel, an intraday increase of 0.01%; Brent oil is now trading at $79.44 per barrel, an intraday increase of 0.11%.</p><p>The positive impact of the relaxation of epidemic control by major Asian countries has subsided. The rebound of the US dollar has put pressure on oil prices. Moreover, OPEC + did not expand the scale of production cuts last weekend. The EU's oil price ceiling on Russia is relatively high, and the export price ceiling to Russia has led to the disruption of crude oil supply. Concerns recede, and short-term oil prices face further downside risks.</p><p><b>Gold</b></p><p>Spot gold rose 0.13% during the day to $1,784.70 an ounce.</p><p>Geopolitical tensions, lingering worries about global economic recession, bargain hunting and safe-haven buying provide support for gold prices. However, the US Dollar Index's rebound this week has made bulls scruples, and there are also some signals of top divergence on the technical side, so it is necessary to beware of the risk of further correction in gold prices.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"513600":"恒生指数ETF","03690":"美团-W","HSTECH":"恒生科技指数","09618":"京东集团-SW","09988":"阿里巴巴-W","02833":"恒指ETF","HSI":"恒生指数","00700":"腾讯控股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126749995","content_text":"摘要：恒指失守19000点，内房股、大型科技股集体走弱；熊去氧胆酸概念股涨幅居前，共同药业、海辰药业涨停；美国三大股指期货下跌，欧洲主要指数跌多涨少。港股三大指数早盘维持震荡，午后防疫“新十条”发布，三大指数短暂冲高后跳水，恒生科技指数一度跌至4%，收跌3.77%险守4000点大关，恒指、国指分别跌3.22%和3.31%，恒指失守19000点。南下资金全日净流出17.75亿港元，大市成交额为2074亿港元。大型科技股普跌，京东、阿里巴巴跌超5%，腾讯、美团、百度跌近4%，快手跌近3%。烟草概念股跌幅居前，思摩尔国际跌超8%，比亚迪电子跌超6%，中烟香港、华宝国际跟跌。内房股、物业股跌幅居前，龙光集团跌超17%，宝龙地产、碧桂园跌超15%，旭辉控股、新城发展跌超13%，龙湖集团跌超12%，富力地产跌超11%，碧桂园服务跌超10%，融创服务、金科服务跌超9%。苹果概念股走低，比亚迪电子、舜宇光学科技跌超6%，瑞声科技跌超5%。餐饮股下跌，九毛九跌超6%，海伦司跌超8%，海底捞跌近4%。风电股下跌，金风科技跌超7%，大唐新能源跌超4%，龙源电力跌超3%。黄金股下跌，山东黄金跌超5%，紫金矿业跌超4%，招金矿业、中国黄金国际跌超3%。钢铁股下挫，重庆钢铁跌超6%，马鞍山钢铁、鞍钢股份跌超4%。博彩股回调，永利澳门跌超6%，金沙中国跌超5%，银河娱乐、新濠国际发展跌超3%。航空股集体爆发，中国东方航空涨超6%，中国国航涨超4%，美兰空港涨超3%，中国南方航空涨超2%。医药股表现活跃，新华制药涨近28%，康哲药业涨超20%，康方生物涨超18%，润迈德涨超7%，开拓药业等跟涨。A股A股三大指数涨跌不一，沪指早盘弱势震荡，午后，防疫“新十条”发布，沪指快速拉至日内高位约0.4%的涨幅后跳水，最终收跌0.4%报3199点，深成指涨0.17%，盘中一度涨1.6%的创业板指收涨0.87%。两市2830股下跌，2010股上涨，成交额9480亿元，北上资金净买入2.7亿元。抗病毒面料概念股全天领涨，凤竹纺织、新奥股份、安奈儿、力合科创、如意集团涨停、南山智商涨超9%。熊去氧胆酸概念股涨幅居前，科创板宣泰医药一字板，共同药业、海辰药业涨停，广生堂、上海凯宝、福安药业等纷纷大涨。【市场一则报道，引发熊去氧胆酸概念股大涨！研究显示，一种治疗肝病的药物熊去氧胆酸（UDCA）可以用于预防新冠感染。由于这种药物针对的是宿主细胞而不是病毒，因此它可能预防病毒的未来新变种，以及可能出现的其他冠状病毒。】旅游、酒店股午后拉升，桂林旅游、曲江文旅涨停，中青旅涨超5%，云南旅游、张家界、九华旅游等个股跟涨。机场航运板块表现活跃。海航控股涨停，海南机场涨近7%，吉祥航空涨超4%，中国国航、东航、华夏航空、深圳机场等个股跟涨。钙钛矿电池跌幅居前，七彩化学跌逾6%，杰普特跌逾4%，京山轻机、金晶科技等个股跟跌。房地产板块延续近弱势。城建股份、阳光股份跌停，深深房A二连跌停。中华企业跌逾9%。半导体板块走势萎靡。扬杰科技跌逾6%，灿瑞科技、东微半导、瑞芯微跌逾4%。美股美国三大股指期货下跌，截至发稿，道指期货跌0.05%；标普500指数期货跌0.08%；纳斯达克100指数期货跌0.17%。欧股欧洲主要指数跌多涨少，欧洲斯托克50指数跌0.04%，英国富时100指数涨0.25%，德国DAX30指数跌0.09%。原油国际油价上涨，美油报74.27美元/桶，日内涨幅0.01%；布油现报79.44美元/桶，日内涨幅0.11%。亚洲大国放松疫情管控的利好影响有所消退，美元的反弹，令油价承压，而且OPEC+上周末没有扩大减产规模，欧盟对俄罗斯的石油价格上限较高，对俄罗斯出口价格上限导致原油供应中断的担忧消退，短线油价面临进一步下行风险。黄金现货黄金日内涨0.13%，报1784.70美元/盎司。地缘局势紧张、全球经济衰退担忧挥之不去，逢低买盘和避险买盘给金价提供支撑，但美元指数本周的反弹令多头有所顾忌，而且技术面也出现了一些顶背离信号，需要提防金价的进一步回调风险。","news_type":1,"symbols_score_info":{"513600":0.9,"HSI":0.9,"HSImain":0.9,"MCHmain":0.9,"HHImain":0.9,"09988":0.9,"09618":0.9,"00700":0.9,"03690":0.9,"HSTECH":0.9,"02833":0.9,"MHImain":0.9}},"isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":620184281,"gmtCreate":1669559541744,"gmtModify":1676538207354,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620184281","repostId":"666885511","repostType":1,"repost":{"id":666885511,"gmtCreate":1665553003741,"gmtModify":1676537626473,"author":{"id":"3527667688472228","authorId":"3527667688472228","name":"ETF小幫手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667688472228","authorIdStr":"3527667688472228"},"themes":[],"title":"ETF追蹤｜美聯儲加息不停，穩穩的抗通脹的資產在哪兒？","htmlText":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","listText":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","text":"STIP、VTIP 和 PBTP 可能是 2022 年第四季度最好的 TIPS ETF。 ETF投資於美國國債通脹保值證券 (TIPS)的交易所交易基金 (ETF)爲投資者提供了一種獲得政府擔保的固定收益工具敞口的便捷方式。TIPS是與通貨膨脹掛鉤的國債，這意味着當通貨膨脹上升時，證券的本金和相關的利息支出也會上升。關鍵要點 過去一年，美國國債通脹保值證券 (TIPS)的表現落後於股票市場。 投資於 TIPS並具有最佳一年追蹤總回報的交易所交易基金 (ETF)是 STIP、VTIP和 PBTP。 這些 ETF的主要持股是 TIPS，它可以防止通貨膨脹導致購買力下降。 TIPS利差是一個重要的相關指標，它顯示了TIPS與具有相同期限的常規美國國債之間的收益率差異。這顯示了人們願意爲通脹保護支付多少費用，並表明投資者對通脹的預期程度。截至 2022年 8月 17日，10年期 TIPS利差爲 2.46%。這意味着 10年期 TIPS的收益率比 10年期國債低 2.46%，因此兩者的年通脹率需要平均爲 2.46%獲得相同的回報。隨着投資者越來越擔心長期通脹，TIPS基金在 2021年出現了創紀錄的資金流入。價格上漲的主要驅動因素包括大量政府支出、經濟的持續復甦以及與大流行相關的供應鏈中斷。TIPS ETF使投資者能夠通過減輕通貨膨脹造成的購買力侵蝕 來保護其投資組合的價值。然而，隨着美聯儲對通脹採取更積極的立場，受通脹保護的債券基金今年出現大量資金外流。面對猖獗的通脹，美聯儲在最近幾個月多次加息，包括 7月份加息 75個基點。更高的利率和放緩的通貨膨脹將使 TIPS的投資吸引力降低。在通脹環境下，由於投資者要求更高的通脹風險溢價 ，債券收益率往往會上升。這意味着與具有更高利率和更高收益率的新發行債券相比，未與通脹掛鉤的已發行債券對投資者的吸引力降低。請注意，債券收益率和價格成反比，","images":[{"img":"https://static.tigerbbs.com/99c0a3d8437b575fee7c930378764b1a","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/666885511","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":620381201,"gmtCreate":1669367302504,"gmtModify":1676538189600,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"Q","listText":"Q","text":"Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/620381201","repostId":"1194908470","repostType":2,"repost":{"id":"1194908470","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658908022,"share":"https://ttm.financial/m/news/1194908470?lang=en_US&edition=fundamental","pubTime":"2022-07-27 15:47","market":"sh","language":"zh","title":"ETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1194908470","media":"老虎资讯综合","summary":"对于许多投资者来说，期权是一种重要的对冲工具。如果做得好，只需少量的期权头寸就可以帮助管理投资者的投资组合风险。很多人使用期权作为投机工具，买入看涨期权并押注单个证券或市场的方向（当证券上涨时看涨期权","content":"<p><html><head></head><body>For many investors, options are an important hedging tool. When done right, only a small options position can help manage an investor's portfolio risk. Many people use options as a speculative tool, buying call options and betting on the direction of an individual security or market (the value of the call option increases when the security rises; the value of the put option increases when the security falls).</p><p>Especially put options, the US stock market is in a bear market today and is in high demand. By buying put options on an ETF they own, investors can offset some of the losses they suffered when the ETF fell.</p><p>However, options come with a cost (also known as a premium), so protection isn't free. They are only available to investors who are willing to bear that cost in exchange for the protection the options can provide. Options offer the ability to place more complex bets in the market.</p><p><b>Large AUM doesn't mean high liquidity</b></p><p>Like individual stocks, options are available in the ETF space. Most exchange-traded products have options available for trading, but not all are liquid.</p><p>An ETF that is rarely traded will naturally have an illiquid options market. Popular ETFs, on the other hand, tend to have a liquid options market, but not always.</p><p>With<a href=\"https://laohu8.com/S/EEME\">iShares</a>Core S&P Mid-Cap ETF (IJH), for example. It is the largest mid-cap ETF with a massive $57 billion in assets. However, its options market is small, with a total open interest of only 8,447 contracts, according to Bloomberg. (Each contract gives the owner the right to own 100 shares of the underlying ETF, with the right to buy in the case of a call option and the right to sell in the case of a put option.)</p><p>With $17 billion in assets, the smaller but more liquid SPDR S&P Midcap 400 ETF Trust (MDY) has a more active options market with an open interest of 21,498.</p><p>However, referring to MDY's options as liquid is still a stretch compared to some other ETFs.</p><p>The Midcap ETF is not an area of focus for options traders. As a result, a vibrant options market has not developed there. Much of IJH and MDY's $74 billion is likely to be long-term funds that require little options trading.</p><p><b>ETFs with the Strongest Options Markets</b></p><p>In addition to mid-cap stocks, there are many other ETFs with strong options markets. The largest and most popular ETF in the world, the $358 billion SPDR S&P 500 ETF (SPY) is one of them.</p><p>In fact, SPY is the ETF with the most liquid options market in the world. Currently, the fund has 18.4 million open options contracts-also known as open interest. SPY options typically have a bid-ask spread of no more than a penny, minimizing trading costs for those looking to hedge or speculate on the S&P 500.</p><p>Here are the five most liquid ETFs.<img src=\"https://static.tigerbbs.com/56cfc0ba2ad810a7033b38d913a6834d\" tg-width=\"553\" tg-height=\"209\" referrerpolicy=\"no-referrer\"/>Although SPY is the largest ETF with the most liquid options market, this correlation doesn't always hold true. There are many large funds with illiquidity or even non-existent options markets.</p><p>Take, for example, the $258 billion Vanguard S&P 500 ETF (VOO). The second-largest ETF has a total option open interest of just 78,420 by asset. That's nothing for such a large fund. The huge bid-ask spread for VOO options compared to SPY makes the fund a poor choice for options traders.</p><p><b>Some ETFs Outperform Their Weights</b></p><p>After SPY, Invesco QQQ Trust (QQQ) currently has the most liquid options market based on open interest. The fund has 10.4 million open interest, ahead of third-place on the list<a href=\"https://laohu8.com/S/EGRW\">iShares</a>Russell 2000 ETF (IWM), The open interest was 7.3 million.</p><p><a href=\"https://laohu8.com/S/EMDI\">iShares</a>MSCI Emerging Markets ETF (EEM), SPDR Gold Trust (GLD) and Financial Select Sector SPDR Fund (XLF) Are some other behemoths with active options markets.</p><p>In addition, there are some ETFs on the list that far outperform their weightings. These include<a href=\"https://laohu8.com/S/EMEY\">iShares</a>China Large Cap ETF (FXI),<a href=\"https://laohu8.com/S/EVAL\">iShares</a>MSCI Canada ETF (EWC) and<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK).</p><p><p style=\"text-align:left;\">Despite not having large assets, some ETFs have some of the most liquid options markets. For example, FXI's AUM is only $5.5 billion, compared to $3.6 billion for EWC and $9.9 billion for ARKK. This shows that these funds are popular with short-term traders.</p><p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/306c90f7fad4e346b3ade4c8e38c5a70\" tg-width=\"639\" tg-height=\"717\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nETF Tracking | Inventory of TOP20 Most Liquid US Stock ETFs\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-07-27 15:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>For many investors, options are an important hedging tool. When done right, only a small options position can help manage an investor's portfolio risk. Many people use options as a speculative tool, buying call options and betting on the direction of an individual security or market (the value of the call option increases when the security rises; the value of the put option increases when the security falls).</p><p>Especially put options, the US stock market is in a bear market today and is in high demand. By buying put options on an ETF they own, investors can offset some of the losses they suffered when the ETF fell.</p><p>However, options come with a cost (also known as a premium), so protection isn't free. They are only available to investors who are willing to bear that cost in exchange for the protection the options can provide. Options offer the ability to place more complex bets in the market.</p><p><b>Large AUM doesn't mean high liquidity</b></p><p>Like individual stocks, options are available in the ETF space. Most exchange-traded products have options available for trading, but not all are liquid.</p><p>An ETF that is rarely traded will naturally have an illiquid options market. Popular ETFs, on the other hand, tend to have a liquid options market, but not always.</p><p>With<a href=\"https://laohu8.com/S/EEME\">iShares</a>Core S&P Mid-Cap ETF (IJH), for example. It is the largest mid-cap ETF with a massive $57 billion in assets. However, its options market is small, with a total open interest of only 8,447 contracts, according to Bloomberg. (Each contract gives the owner the right to own 100 shares of the underlying ETF, with the right to buy in the case of a call option and the right to sell in the case of a put option.)</p><p>With $17 billion in assets, the smaller but more liquid SPDR S&P Midcap 400 ETF Trust (MDY) has a more active options market with an open interest of 21,498.</p><p>However, referring to MDY's options as liquid is still a stretch compared to some other ETFs.</p><p>The Midcap ETF is not an area of focus for options traders. As a result, a vibrant options market has not developed there. Much of IJH and MDY's $74 billion is likely to be long-term funds that require little options trading.</p><p><b>ETFs with the Strongest Options Markets</b></p><p>In addition to mid-cap stocks, there are many other ETFs with strong options markets. The largest and most popular ETF in the world, the $358 billion SPDR S&P 500 ETF (SPY) is one of them.</p><p>In fact, SPY is the ETF with the most liquid options market in the world. Currently, the fund has 18.4 million open options contracts-also known as open interest. SPY options typically have a bid-ask spread of no more than a penny, minimizing trading costs for those looking to hedge or speculate on the S&P 500.</p><p>Here are the five most liquid ETFs.<img src=\"https://static.tigerbbs.com/56cfc0ba2ad810a7033b38d913a6834d\" tg-width=\"553\" tg-height=\"209\" referrerpolicy=\"no-referrer\"/>Although SPY is the largest ETF with the most liquid options market, this correlation doesn't always hold true. There are many large funds with illiquidity or even non-existent options markets.</p><p>Take, for example, the $258 billion Vanguard S&P 500 ETF (VOO). The second-largest ETF has a total option open interest of just 78,420 by asset. That's nothing for such a large fund. The huge bid-ask spread for VOO options compared to SPY makes the fund a poor choice for options traders.</p><p><b>Some ETFs Outperform Their Weights</b></p><p>After SPY, Invesco QQQ Trust (QQQ) currently has the most liquid options market based on open interest. The fund has 10.4 million open interest, ahead of third-place on the list<a href=\"https://laohu8.com/S/EGRW\">iShares</a>Russell 2000 ETF (IWM), The open interest was 7.3 million.</p><p><a href=\"https://laohu8.com/S/EMDI\">iShares</a>MSCI Emerging Markets ETF (EEM), SPDR Gold Trust (GLD) and Financial Select Sector SPDR Fund (XLF) Are some other behemoths with active options markets.</p><p>In addition, there are some ETFs on the list that far outperform their weightings. These include<a href=\"https://laohu8.com/S/EMEY\">iShares</a>China Large Cap ETF (FXI),<a href=\"https://laohu8.com/S/EVAL\">iShares</a>MSCI Canada ETF (EWC) and<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>(ARKK).</p><p><p style=\"text-align:left;\">Despite not having large assets, some ETFs have some of the most liquid options markets. For example, FXI's AUM is only $5.5 billion, compared to $3.6 billion for EWC and $9.9 billion for ARKK. This shows that these funds are popular with short-term traders.</p><p><p style=\"text-align:left;\"><img src=\"https://static.tigerbbs.com/306c90f7fad4e346b3ade4c8e38c5a70\" tg-width=\"639\" tg-height=\"717\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8fd5271ba4885dabd7633b23dfb3304b","relate_stocks":{"QQQ":"纳指100ETF","EEM":"新兴市场ETF-iShares MSCI","HYG":"债券指数ETF-iShares iBoxx高收益公司债","IWM":"罗素2000指数ETF","SPY":"标普500ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194908470","content_text":"对于许多投资者来说，期权是一种重要的对冲工具。如果做得好，只需少量的期权头寸就可以帮助管理投资者的投资组合风险。很多人使用期权作为投机工具，买入看涨期权并押注单个证券或市场的方向（当证券上涨时看涨期权价值增加；当证券下跌时看跌期权价值增加）。尤其是看跌期权，今天美国股市处于熊市中，需求量很大。通过购买他们拥有的ETF的看跌期权，投资者可以抵消他们在 ETF下跌时所遭受的部分损失。然而，期权是有成本的（也称为溢价），因此保护并不是免费的。它们仅适用于愿意承担该成本以换取期权可以提供的保护的投资者。期权提供了在市场上进行更复杂投注的能力。资产管理规模大并不意味着流动性大与个股一样，ETF领域也提供期权。大多数交易所交易产品都有可供交易的期权，但并非所有产品都具有流动性。一个很少交易的 ETF自然会有一个非流动性的期权市场。另一方面，流行的 ETF往往会有一个流动的期权市场，但并非总是如此。以 iShares Core S&P Mid-Cap ETF (IJH)为例。它是最大的中型股 ETF，拥有 570亿美元的巨额资产。然而，根据彭博社的数据，其期权市场规模很小，总未平仓合约只有 8,447份。（每份合约赋予所有者持有 100股标的 ETF股份的权利，在看涨期权的情况下有权购买，在看跌期权的情况下有权出售。）规模较小但规模流动性较大的 SPDR S&P Midcap 400 ETF Trust (MDY)拥有 170亿美元的资产，拥有更活跃的期权市场，未平仓头寸为 21,498。然而，与其他一些 ETF相比，将 MDY的期权称为流动性仍然有些牵强。Midcap ETF不是期权交易者关注的领域。因此，那里还没有发展出充满活力的期权市场。IJH和 MDY的 740亿美元中的大部分可能是几乎不需要期权交易的长期资金。拥有最强大的期权市场的ETF除了中型股之外，还有许多其他拥有强大期权市场的ETF。世界上最大和最受欢迎的 ETF，3580亿美元的 SPDR S&P 500 ETF (SPY)就是其中之一。事实上，SPY是世界上拥有最具流动性的期权市场的 ETF。目前，该基金有1840万份未平仓期权合约——也称为未平仓合约。SPY期权的买卖价差通常不超过一美分，从而最大限度地降低了那些想要对冲或投机标准普尔 500指数的人的交易成本。以下是流动性最强的五只ETF。尽管 SPY是拥有最具流动性的期权市场的最大 ETF，但这种相关性并不总是成立。有许多大型基金缺乏流动性甚至不存在期权市场。以价值 2580亿美元的 Vanguard S&P 500 ETF (VOO)为例。按资产计算，第二大 ETF的总期权未平仓量仅为 78,420。对于这么大的基金来说，这不算什么。与 SPY相比，VOO期权的买卖差价巨大，使得该基金成为期权交易者的糟糕选择。有些 ETF表现超出其权重在 SPY之后，景顺 QQQ信托 (QQQ)目前拥有基于未平仓合约的最具流动性的期权市场。该基金拥有 1040万份未平仓合约，领先于榜单第三名的 iShares Russell 2000 ETF (IWM)，持仓量为 730万份。iShares MSCI Emerging Markets ETF (EEM)、SPDR Gold Trust (GLD)和 Financial Select Sector SPDR Fund (XLF)是其他一些拥有活跃期权市场的庞然大物。此外，名单上还有一些 ETF的表现远超其权重。其中包括 iShares中国大型股 ETF (FXI)、iShares MSCI Canada ETF (EWC)和 ARK Innovation ETF (ARKK)。尽管没有大量资产，有些 ETF拥有一些流动性最强的期权市场。例如，FXI的资产管理规模只有 55亿美元，而 EWC有 36亿美元，ARKK有 99亿美元。这表明这些基金很受短期交易者的欢迎。","news_type":1,"symbols_score_info":{"HYG":0.9,"EEM":0.9,"SPY":0.9,"QQQ":0.9,"IWM":0.9}},"isVote":1,"tweetType":1,"viewCount":742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":665636176,"gmtCreate":1667234568699,"gmtModify":1676537882342,"author":{"id":"4102426680604660","authorId":"4102426680604660","name":"trendtrading","avatar":"https://static.tigerbbs.com/93ac63d0863368e2155d07ed1363172f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102426680604660","authorIdStr":"4102426680604660"},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/665636176","repostId":"662304640","repostType":1,"repost":{"id":662304640,"gmtCreate":1666172863020,"gmtModify":1676537717915,"author":{"id":"3527667584262733","authorId":"3527667584262733","name":"期权小助手","avatar":"https://static.tigerbbs.com/a5496ca83f1c81b8c311afcb3ea30bc8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667584262733","authorIdStr":"3527667584262733"},"themes":[],"title":"期權組合保證金優惠現已支持備兌組合、垂直價差、日曆價差、跨式組合、保險策略","htmlText":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","listText":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","text":"如果你是已經渡過了新手小白階段的期權選手，那麼你多半會考慮期權組合。因爲組合策略很豐富，可以靈活控制風險和收益。唯一的問題就是保證金。我們知道，期權通過組合降低了風險，因此保證金要求理論上也應該降低，而更低的保證金意味着更高的收益率。但實際上，不是每個券商都支持保證金減免。截至2022年10月，老虎證券已支持以下等全部兩腿組合的期權保證金優惠： 備兌看漲/看跌（covered call/put） 垂直價差（vertical spread） 日曆價差（calendar spread） 跨式/勒式（straddle/strangle） 保護性看漲/看跌（protective call/put ） 具體如何減免？以下我們按照不同組合的情況來分別介紹。1. 備兌看漲（Covered call）這是最常見且簡單的組合，由持有正股並賣出對應數量的call（看多期權）組成。舉個例子，小王以150USD/股的價格買入100股蘋果，並賣出一張蘋果在一個月後到期、行權價爲160USD的call，因此收取了一筆權利金。如果蘋果股價到期沒有超過160USD，那麼權利金就到手；如果股價超過160USD，他就會被買方行權，以160USD的價格賣出100股蘋果給對方。這種情況下他需要多少保證金呢？如果沒有優惠，他的股票和期權會被單獨計算保證金。股票的部分根據當前蘋果的股票做多初始保證金比例30%，最低保證金=150USD*100股*30%=4500USD 。期權部分按照裸做空call計算，保證金計算方式較爲複雜，主要取決於對應股票的做空保證金率，具體金額可以在下單頁面點開右下角查看詳情。風險在於隨着股價上漲，小王還可能被要求追加保證金，不及時追加就可能被強平。現在有了優惠之後，做空期權部分保證金直接減免，只需要維持股票部分保證金即可。在小王這個例子裏，就是4500USD，並無論股價上漲到多高，sell","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/662304640","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}