FTSE China A50 futures record number of unpositioned squaring contracts
2024-10-07 09:15:58
With the Chinese mainland in the midst of a week-long holiday, traders have turned their attention to futures listed in Singapore and Hong Kong. The number of unpositioned squaring contracts for FTSE China A50 futures on the SGX has surged to a record 1.20 million lots since the start of China's National Day Golden Week holiday last Tuesday. "The strong trading volume reflects that global investors are managing their China exposure and adjusting their positions ahead of the reopening of the cash market," said Ding Meiyan, head of equity derivatives at SGX Group.
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