SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bid Buster who wrote (163351)5/2/2002 5:51:42 AM
From: TobagoJack   of 436258
 
Hi bid_buster, For whatever reasons, many traders in Hong Kong believe the early morning trades in the US are by euphoric or panic stricken retail investors/speculators (depending on whether the mkt went up or down in US AM trade session) and the afternoon sessions are dominated by 'smart money' institutions.

I have no explanation for their belief other then maybe the same big (MSDW, GS, MER, etc) houses manipulate here in HK as they may do in your part of the world. They certainly do manipulate here when they can, because the punishment is light when caught.

The traders in HK thus (a) try to follow the previous afternoon US session or (b) anticipate US morning session.

I notice the anticipation phenomenon especially when S/T market direction turns.

It is unlikely that a HK gambler exits the US and buys HK at the same time, as our economy are very much tied to the US economy on the revenue side, and to the Chinese mainland economy on the cost side.

Chugs, Jay
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News