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Global Markets React to Geopolitical Shifts, US Fiscal Standoff, and Energy Outlook
Stock Market News· 2025-10-21 07:38
Key TakeawaysECB's Lane highlighted the difficulties faced by Euro area banks in relying on their USD-denominated liquid assets amidst a sell-off in US Treasury securities and a weakening dollar during recent tariff turmoil.A significant geopolitical shift sees Ukraine's President Zelenskiy and European leaders jointly supporting President Trump's call for an immediate ceasefire in the conflict and using the current line of contact as the basis for negotiations.China has set its 2026 crude oil import quota ...
向全天候交易迈进一步 Cboe拟延长美股期权交易时段
Zhi Tong Cai Jing· 2025-10-20 22:33
周一,美国交易所运营商Cboe Global Markets正寻求延长美股股权期权的交易时段,进一步推动美国市 场向"接近全天候"交易靠拢。根据向美国证券交易委员会(SEC)提交的文件,Cboe计划在常规9:30-16:00 之外新增两个时段,即7:30-9:25的早盘延长时段,以及16:00-16:15的收盘后时段。 新冠疫情之后,延长交易时段需求大幅抬升,因投资者需要在夜间及时应对突发市场事件。多家交易平 台已陆续支持延长交易。Robinhood(HOOD.US)和盈透(IBKR.US)等券商目前已经允许投资者在场外系 统(如Blue Ocean与Bruce Markets)实现美股"24小时×5天"交易。 Cboe今年早些时候也曾提案,拟将其股票交易从周日晚持续至周五晚,仅在周末停止。如果未来要让 全天候交易真正登陆纳斯达克或纽交所等交易所层面,则需清算机构DTCC及SIP(证券信息处理系统)基 础设施同步升级。DTCC已宣布将从明年第二季起延长清算窗口,SIP也正在评估将交易数据覆盖扩展 至"准24小时"。 此举契合美国交易时段延长的大趋势,交易所正尝试配合海外投资者需求,以及扩展与标的股票市场交 易 ...
Hong Kong exchange sees further growth ahead for record-setting ETF market
Yahoo Finance· 2025-10-20 09:30
Core Insights - Hong Kong Exchanges and Clearing (HKEX) anticipates continued growth in its ETF market following record turnover and new listings this year [1] - The average daily turnover in ETFs reached a record HK$37.8 billion (US$4.8 billion) in the first nine months, with 225 ETFs attracting more investors from various regions [1][5] - Hong Kong is now the world's third-largest ETF market, with a market size of HK$315.8 billion, trailing mainland China and the US [3] Market Performance - The benchmark Hang Seng Index increased by 35% in the first nine months, making it one of the best-performing major indices globally [5] - Mainland investors traded an average of HK$4.2 billion in ETFs per day in Hong Kong, marking a 128% increase year-on-year [7] - International investors' trading in mainland ETFs grew by 142% to 3.2 billion yuan (US$449 million) per day [7] Connectivity and Growth Factors - Connectivity is deemed critical for the growth of the Hong Kong ETF market, as highlighted by HKEX's head of exchange-traded products [4] - The cross-border ETF Connect mechanism has facilitated international investors' access to 273 ETFs listed in Shanghai and Shenzhen, while allowing mainland investors to access 17 ETFs in Hong Kong [5]
港交所-9 月交易量数据更新;买入
2025-10-17 01:46
Equity Research 16 October 2025 | 8:11PM HKT Hong Kong Exchanges (0388.HK): Data Update for Sep volumes; Buy We revise our HKEX 2025E/26E/27E EPS by +0.8%/-0.5%/+0.1%, to incorporate disclosed Sep'25 volumes and Oct'25 MTD volumes. We also introduce FY2028E EPS at HK$15.4. There is no change to our investment thesis or Buy rating on HKEX. Our 3-stage DDM-derived 12m target price remains unchanged at HK$544, indicating a 40X 2026E P/E. Price Target, Risks and Methodology - Hong Kong Exchanges We are Buy rate ...
X @Bloomberg
Bloomberg· 2025-10-15 03:12
Investment & Expansion - Coinbase Global invested in Mumbai-based CoinDCX [1] - The investment aims to deepen Coinbase's exposure to India and the Middle East [1]
X @Bloomberg
Bloomberg· 2025-10-14 04:12
ASX aims to encourage more listings by speeding up IPOs and broadening index eligibility, as Australia’s main exchange operator contends with competition from Cboe Global Markets https://t.co/tVmRnMn4zH ...
Raymond James Upgrades Intercontinental Exchange to Strong Buy, Sees Attractive Risk-Reward Setup
Financial Modeling Prep· 2025-10-13 20:28
Core Viewpoint - Raymond James upgraded Intercontinental Exchange (ICE) from Outperform to Strong Buy with a price target of $210.00, citing the company's strong long-term growth potential despite a temporary decline in trading activity [1]. Group 1: Trading Activity and Market Conditions - Subdued market volatility and lack of major weather-related disruptions negatively impacted ICE's energy futures trading volumes in Q3 [2]. - Analysts consider these factors as short-term issues, suggesting that ICE will benefit from the ongoing globalization of energy markets [2]. Group 2: Competitive Landscape and Business Model - Concerns regarding artificial intelligence as a competitive threat to ICE are downplayed, with analysts highlighting the company's diversified business model and established market infrastructure as sources of resilience [3]. - The merger between Rocket Mortgage and Mr. Cooper is identified as a potential catalyst for ICE's mortgage technology business [3]. Group 3: Financial Performance and Valuation - Analysts assert that ICE has built a robust and diversified platform capable of delivering consistent revenue and earnings growth across different market conditions [4]. - The current valuation of ICE, at approximately 21 times its 2026 non-GAAP EPS estimate, is viewed as attractive by analysts [4].
中信建投:维持港交所(00388)“买入”评级 目标价543港元
智通财经网· 2025-10-13 08:32
Core Viewpoint - CITIC Securities maintains a "Buy" rating for Hong Kong Exchanges and Clearing (HKEX) with a target price of HKD 543, citing liquidity expectations from the Federal Reserve's interest rate cuts, continuous inflow of southbound funds, and valuation advantages as key factors supporting the high activity level in the Hong Kong stock market in Q4 [1] Group 1: Market Conditions - The Hong Kong stock market has shown a recovery in valuation since April, driven by high average daily trading volume and sustained buying from southbound funds [1] - As of October 10, 2025, HKEX's PE (TTM) stands at 36.49x, positioned at the 72.15%, 71.85%, and 47.43% percentiles over the past 1, 3, and 5 years respectively [1] - The company is expected to achieve high year-on-year growth in Q3 earnings, with projected revenues of HKD 79.11 billion (up 47.26%) and net profit of HKD 48.24 billion (up 53.38%) [2] Group 2: Future Projections - Revenue forecasts for 2025, 2026, and 2027 are projected to be HKD 286.25 billion, HKD 303.21 billion, and HKD 306.75 billion respectively, with year-on-year growth rates of 27.94%, 5.93%, and 1.17% [2] - Net profit forecasts for the same years are HKD 179.02 billion, HKD 194.44 billion, and HKD 198.57 billion, reflecting year-on-year growth rates of 40.88%, 8.62%, and 2.13% [2] Group 3: Supporting Factors - The Federal Reserve's shift in monetary policy, including interest rate cuts, is expected to enhance liquidity in emerging markets, providing support for the Hong Kong stock market [2] - Southbound funds have seen a net inflow exceeding HKD 1 trillion since the beginning of 2025, driven by the low valuation of Hong Kong stocks and liquidity spillover from the A-share market [3] - The valuation of the Hang Seng Index remains attractive, with a PE-TTM of approximately 11.95x, which is at the 64% percentile over the past 20 years, highlighting the "valuation pit" effect of Hong Kong stocks compared to the CSI 300's 14.24x [3]
X @Wu Blockchain
Wu Blockchain· 2025-10-13 03:53
Hyperliquid founder Jeff criticized certain centralized exchanges for severely underreporting liquidation data, noting that even if thousands of liquidations occur within a single second, only one may be publicly shown—resulting in actual underreporting by up to 100 times.https://t.co/zKarkYtFAV ...
X @Bloomberg
Bloomberg· 2025-10-10 04:15
Market Regulation - The Stock Exchange of Thailand is considering easing some of its rules to boost market liquidity [1]