what happened to HSI tonight?

Quote from jedwards:

Is anyone following the HSI? What caused that 400+ pt surge in the index futures? The action on there tonight is crazy! It started out relatively tame, and then it went parabolic to the upside.
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Why is NOT impt.

Just trade it.
 
Goldman Sachs upgraded the index last night fyi - think that was what caused the move. "In China, shares were off slightly for the second day in a row on a weak non-manf PMI and reports that gov’t officials will take further measures to curb inflation. The Hang Seng was an exception, taking a leg up after Goldman Sachs upgraded the index overnight."
 
Quote from riskymove:

Goldman Sachs upgraded the index last night fyi - think that was what caused the move. "In China, shares were off slightly for the second day in a row on a weak non-manf PMI and reports that gov’t officials will take further measures to curb inflation. The Hang Seng was an exception, taking a leg up after Goldman Sachs upgraded the index overnight."
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Thanks! This was exactly the piece of info I was looking for!
 
Quote from jedwards:

Thanks! This was exactly the piece of info I was looking for!
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Maybe you can ask GS to tell you of their next index upgrade before they announce? If that is really what moves the market, you don't have an edge unless the big boys tell you their plans.
 
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