Cross-border ETFs, behind the big flash crash
Posted: Thu Feb 13, 2025 6:29 am
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At the end of January 2024, the US 50ETF suddenly started to rise wildly from the price of 1.05 for several consecutive days. In just one week, it soared to 1.695 yuan, an increase of more than 60%, and the premium also surged to more than 50%.
At that time, similar situations also occurred in many cross-border ETFs. Some of them had a market value of only a few hundred million, but their daily turnover rate was as high as ten times. The daily trading volume even exceeded that of Kweichow Moutai . In just one month, the trading volume increased by more than 140 times.
However, soon after, as regulators stepped in to enforce strict supervision, the crazy speculation was quickly suppressed, and prices and premiums almost returned to their starting point.
DXC Technology (NYSE: DXC) helps organizations around the world run their critical systems and operations, modernize IT, optimize data architectures, and ensure security and scalability across public, private bc data taiwan and hybrid clouds. Many of the world's largest enterprises and public sector organizations trust DXC to deploy services to elevate their IT asset performance, competitiveness and customer experience to a new level.
At the end of January 2024, the US 50ETF suddenly started to rise wildly from the price of 1.05 for several consecutive days. In just one week, it soared to 1.695 yuan, an increase of more than 60%, and the premium also surged to more than 50%.
At that time, similar situations also occurred in many cross-border ETFs. Some of them had a market value of only a few hundred million, but their daily turnover rate was as high as ten times. The daily trading volume even exceeded that of Kweichow Moutai . In just one month, the trading volume increased by more than 140 times.
However, soon after, as regulators stepped in to enforce strict supervision, the crazy speculation was quickly suppressed, and prices and premiums almost returned to their starting point.