Last week, the number of Chinese ETF call contracts reached 3.4 million, the highest level since the outbreak of the epidemic in 2020.
The economic stimulus measures announced by the Chinese government triggered a historic buying in the stock market.
As a result, the large-cap ETF $FXI, the Internet stock ETF $KWEB, and the emerging market ETF $EEM rose 18.5%, 26.8%, and 6.7% respectively last week.
Meanwhile, China's top stock index, the CSI 300 Index, soared 15.7% last week, marking its best single-week performance since 2008.
Today, the Chinese stock market recorded its best single-day performance since 2008!
