Emotions are rising! February saw a rebound in Hong Kong stock options trading volume
According to data from the Hong Kong Exchanges and Clearing (HKEX), since the Lunar New Year, the average daily trading volume of Hong Kong stock options market has approached 1.2 million contracts, the highest level since October last year, with the average daily trading volume in February surging 38% compared to January
DeepSeek injects a strong dose of confidence into the market, leading to a surge in Hong Kong stock options trading.
According to data from the Hong Kong Stock Exchange, since the Lunar New Year, the average daily trading volume of the Hong Kong stock options market has approached 1.2 million contracts, the highest level since October last year, with the average daily trading volume in February surging 38% compared to January.
Data also shows that on February 15, the single-day trading volume of Hong Kong stock options soared to 1.9 million contracts, with options tracking the Hang Seng Tech Index reaching a peak for the year.
This unusual activity is closely related to the explosion in technology stocks and the electric vehicle sector: the Hang Seng Tech Index has risen 12% since February, breaking through the 2022 high; BYD Electronic's options trading volume has set a historical record, while its parent company BYD's stock price has increased by 21% during the same period, surpassing Tesla's market capitalization.
DeepSeek's breakthroughs in the field of artificial intelligence have greatly boosted market optimism about the future development of China's technology industry. Companies like BYD and Alibaba Health quickly announced AI integration plans, driving accelerated capital inflow into related targets.
GAM Investment Management fund manager Jian Shi Cortesi analyzed:
“DeepSeek is like an alarm clock, awakening investors to a shift in perception regarding Chinese tech stocks.”
“Previously, the market believed that the AI race belonged to American giants, but now China's advantages in the supply chains of electric vehicles, drones, and photovoltaics are being revalued.”
In recent years, trading volume in Hong Kong's derivatives market has continued to grow, setting new records in 2024. As market volatility increases, the Hong Kong Stock Exchange has launched weekly contracts for the Hang Seng Tech Index and certain individual stocks, providing investors with more ways to bet on the market