China Equity Bulls Find New Reasons to Get More Bullish: Options
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Options traders keep finding new reasons to get bullish on Chinese stocks.
First an acceleration in government spending sent the biggest Chinese exchange-traded fund in the U.S. to a three-year high in September. After that rally faded, bulls turned their attention to the Shanghai-Hong Kong exchange connect. When inflows as the link debuted last week proved disappointing, optimists were redeemed by China’s surprise interest-rate cut.