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恒指期结将至,对市场影响几何?

The closing of the Hang Seng Index is about to come to an end. What is the impact on the market?

富途資訊 ·  Jul 28, 2021 22:37

According to the HKEx calendar, tomorrow (29th) is the last trading day of Hang Seng Index futures and options in July, and the 30th is the final settlement day.

Judging from today's market performance, the main indexes of Hong Kong stocks rebounded after falling, of which the Hang Seng Index rose 1.54% to close at 25473.88 points, with a turnover of 281.306 billion yuan; the Hang Seng Technology Index closed up 3.1% at 6443 points; and the State-owned Enterprises Index rose 2.16%. Regain the 9000-point mark!

On the eve of the end of the Hang Seng Index period, the capital flows of Hong Kong and A shares attracted the attention of the market, while the market was also paying close attention to the announcement of the interest rate negotiation results and post-meeting statements in the United States in the early hours of Thursday morning.

What is the Hang Seng Index Futures and options settlement date?

The Hong Kong Hang Seng Index is an indicator of the change of blue chips in Hong Kong and one of the most popular indices in Asia. It is also widely used to measure the performance of funds.

While Hong Kong stocks are chased by a lot of capital, the demand for related hedging tools is also on the rise. It is reported that Hang Seng Index options have been favored by investors in Asia since its launch in 1993. Both experienced and ordinary investors can invest in index stocks by buying and selling Hang Seng Index option contracts.

Public information showsThe delivery dates of Hong Kong Hang Seng Index futures and options are divided into four months, that is, the current month, the next month, and the next two quarters.If it is currently April, the contract is divided into April Hang Seng Index, May Hang Seng Index, June Hang Seng Index and September Hang Seng Index. After cash delivery in April, it changes to May, June, September and December, followed by repeated cycles.

The current month's delivery date (also known as the last trading day) is the penultimate trading day of each month; the settlement date is the last trading day of each month.

What is the impact of Hang Seng Index closing on the market and investors?

It is worth noting thatBefore the end of the Hang Seng Index period, the market will enter the peak period of futures index turnover..

On the delivery day, no matter when you buy the product, as long as you still have the order in hand, you must close the position on the final delivery day. If there are orders that have not been manually closed on the last trading day, they will be forced to close positions by the system, which also meansThe Hang Seng Index may fluctuate significantly in recent trading days..

Data show that as of 22:11 on the 28th, the night period (July) of the Hang Seng Index was at 25813 points, which was 339 points higher than today's close of 25473.88 points.

Gaoshui, also known as rising water, usually refers to high futures prices and spot prices. Take the futures index (that is, the Hang Seng Index) as an example, if the index is higher than the Hang Seng Index (that is, the Hang Seng Index), it is called the high water of the index.If the futures index is high, it is generally considered to be a good indicator for the future, because investors in the futures market are willing to buy the futures index at a higher price than the spot market, indicating that investors have confidence in the future.

However, for investors with such derivatives, it is recommended to pay attention to their positions near the delivery date, and novice investors had better not hold their positions until the delivery date is approaching, for fear that the delivery day effect will spread to their own orders, and if novice traders are inexperienced, it is likely to lead to unnecessary losses on the list.

The sentence that many futures trading friends hear most is"mentality determines success or failure."So how will the market change tomorrow? what do you think of it?

Edit / tina

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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