FOMO? Chinese Assets Huge Rally

Last night, as Iran launched missile attacks on Israel, U.S. markets experienced a broad selloff, which impacted the Asia-Pacific markets this morning. In the morning session today, Japanese and Korean stock markets also fell across the board. However, this did not affect the performance of Chinese assets. The FTSE China 3x Leveraged ETF (YINN) surged over 12%, while the Nasdaq Golden Dragon China Index jumped more than 5%, and Pinduoduo soared 8%.

Hong Kong stocks experienced another super strong rally on its reopening day after the China National Day. The Hang Seng Tech Index rose 6%, the Hang Seng China Enterprises Index gained nearly 4%, and the Hang Seng Index advanced over 5%.

A common question currently is whether investors should join the rally now or wait for a potential correction after the Chinese market reopens on October 8th. What do you think?