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看空交易比例創新高,大規模“軋空”或將使港股大幅飆升

對港股的賣空活動創下歷史新高,如果空頭急於回補頭寸,港股有可能大幅飆升。

彭博根據交易所數據計算得出的數據顯示,看空交易佔香港股市總成交量的比例週二飆升至創紀錄的23%。科技股是被做空最多的股票之一,$騰訊控股(00700.HK)$的做空率幾乎翻了一番,達到31%。恆生指數今年以來下跌了16%,是亞洲表現最差的指數之一。

看空押注增加之際,正值港股淡季,波動性下降,成交量低於一年平均水平。Krane Funds Advisors LLC投資官Brendan Ahern在一份報告中寫道:"空頭正利用夏季成交量低迷的機會進行押注。在某種程度上,這種水平的賣空量會讓香港非常尷尬,併成爲一個史詩級的空頭平倉局面。”

包括Gilbert Wong在內的摩根士丹利策略師上週警告稱,隨着對衝基金和其他做空者平倉,可能會出現軋空風險。恆生指數上週四上漲3.6%,爲四個月來的最大漲幅;交易員們認爲,軋空是股市大漲的原因之一。

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