Nikkei225 - put warrants dominate top gainers chart as index loses 2.7% as AI trade comes under pressure
The $Nikkei 225 Index(N225.JP)$ Dec futures is currently down 2.7% to 67,610 as of 908AM, dragged by chipmakers as AI trades come under pressure ahead of earnings season, as well as oil-driven inflation fears
👀Many will be looking at TSMC's earnings announcement this Thursday as an indicator of how tech companies' latest earnings season will turn out
⬅Meanwhile, Bloomberg reported that foreign investors sold a record 2.24 trillion yen of Japanese equity futures in the week ended 2 October, signalling sustained institutional selling pressure
The Nikkei225 futures is now trading just 1% above the psychological support of 67,000
🔝Following today's index drop of 2.3% as of 916AM, Macquarie's Nikkei put warrants are dominating the top warrant gainers chart with gains between 7% to 18.1%, depending on the warrants' effective gearing levels
Specifically, put warrant $NKY 64000MBePW261211(WZTW.SI)$ which is up 14.1% to SGD 0.105, is seeing holders exit from 990K warrants
✳✴Investors keen to trade the Nikkei225 index at current levels may wish to consider trending call warrant $NKY 78000MBeCW270312(QZQW.SI)$ (https://warrants.com.sg/tools/livematrix/QZQW) and trending put warrant $NKY 57000MBePW270312(VT9W.SI)$ (https://warrants.com.sg/tools/livematrix/VT9W)
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- moxieoo·10:33TSMC this week feels more like a sentiment trigger than the driver. That 2.24T yen foreign futures selling is the nastier part, pressure rarely clears in one sessionLikeReport