在美股亚洲时段交易的五大优势

13th September, 2022
5 Benefits of trading on US Asian Hours

什么是美股亚洲时段？这是一项新服务，我们的客户可以在亚洲时间（从新加坡时间的上午9点至下午5点）交易美股。辉立证券私人有限公司是东南亚首家通过其在线交易平台POEMS，在亚洲交易时段内提供美国做市服务的 经纪公司 ，使我们的客户能够从新加坡时间上午9点开始，更早地交易美股。加上盘前和常规交易时段，现在POEMS为客户提供了19个美国交易活跃时段。目前，有 35只股票和2只ETFs 可供交易。

Factsheets图1：美国交易时段


美股亚洲时段有哪些主要特点？

  • 能够从上午9点至下午5点交易美股（新加坡时间）
  • 在美股亚洲时段、美国盘前交易和常规交易时段之间实现无缝交易
  • 结算期为T+2个交易日
  • 可通过POEMS 2.0网页版和POEMS移动端3下单
  • 最小订单规模为每笔10 美元
  • 支持市价单和限价单

使用美股亚洲时段交易有什么好处呢？

1. 突发事件中的股价

您将能够对亚洲市场时段内发生的任何动向采取行动。例如，2022年7月13日，美国消费者物价指数 (CPI) 为9.1%，高于8.8% 1的预期，表明通胀高于预期。这高于预期的CPI，可能会导致美联储采取更激进的紧缩货币政策。

对紧缩货币政策的担忧逐渐蔓延到欧洲市场。富时100指数是在伦敦证券交易所内，市值最高的100家上市公司的股票指数，在亚洲市场时段下跌了约1%，如图2所示。受到密切关注，以衡量市场情绪的标普500指数期货也下跌了1.14%。

美股亚洲时段，那些担心熊市情绪将延续到盘前和常规交易时段的投资者，将能够抢先于其他市场参与者提前进行平仓。

Factsheets图2：CPI对富时100和标普500指数期货的影响


2. 利用财报发布时间点的优势

上市公司每季度发布一次。这些盈利发布对投资者来说很重要，因为这些业绩显示了上市公司本季度的表现，并影响股价。由于盈利发布对股价产生重大的影响，公司通常会在常规交易时段外发布。

对于在常规交易时段之后发布的，投资者可以利用盘后交易产生势头。例如，特斯拉在2022年7月21日新加坡时间上午4点，发布其盈利报告，这也是在常规交易时段后发布的。在盘后交易中，该股以742.50美元报收，在随后的盘前交易中，以751.50美元报开盘，之后在常规市场中，开盘价为765.32美元，收于815.12美元。这表明该股的看涨势头从盘后交易一直延续到常规市场，如图3所示。因此，投资者可以利用财报发布时间点所带来的优势， 有效的运用美股亚洲时段这项功能。

Factsheets图3：TSLA.US 发布盈利后的表现


3. 对内部人士活动的反应

据SEC称，内部人士主要是该公司的董事，以及持有公司10%以上股份的人士。内部人士进行的交易很重要，因为这些交易是向市场传递有关股票价值的信号。当内部人士购买股票时，表明该股票被低估了，而出售股票的情况就正好相反。一些内部人士活动的备案发生在盘后时段，尚未反映在股价中。因此，投资者在美股亚洲时段下单时坐拥先发优势。


4. 衡量情绪的标准

客户可使用POEMS平台作为一个数据点来评估市场情绪。尽管美股亚洲时段显示的报价，可能不是衡量常规交易时段的完美指标，但亚洲时段观察到的情绪可以用来为盘前的交易时段做准备。


5. 潜在的套利机会

当同一资产在不同市场3价格，存在套利机会。

美股亚洲时段与美国盘前交易的时间在新加坡时间下午4点至5点时重合。美股亚洲时段的价格可能与盘前交易的报价不同，这我们的客户在两个市场同时买入和卖出，进行套利交易。

Factsheets图4：美股亚洲时段与香港交易所重合

在双重上市的股票中也存在机会。例如，阿里巴巴在港交所上市，股票代码为9988.HK，而在纽交所上市，其代码为BABA.US。那些同时持有9988.HK和BABA.US的投资者，将能够利用这个套利机会。当投资者注意到9988.HK的卖出价高于BABA.US时，他们可以同时卖出9988.HK和买入BABA.US，以确保他们对阿里巴巴的敞口仍然相同。如果客户希望获得港股和美股的阿里巴巴股票的比例与以前相同，则可以将BABA.US的股票转换为9988.HK。如图5的图解所示。

Factsheets图5：套利过程

请注意，转换过程中将涉及到费用。此外，美国存托凭证 (ADRs) 代表了外国公司股票的特定数量，因为此等投资者必须了解这些ADR的转换比率。就阿里巴巴而言，1个BABA.US由8个9988.HK组成。客户在使用这一策略时，除转换费外，还应考虑外汇差价。

除了分享这些好处后，在交易美股亚洲时段时，还需注意2点：

1. 最小交易规模

美股亚洲时段的最小交易规模为每笔订单10美元。例如，当福特汽车 (F.US) 的报价为9美元时，投资者将必须购买至少2股。任何低于此金额均将被拒绝。因此，与常规时段和盘前交易时段不同，投资者需要注意美股亚洲时段的数额。


2. 买卖价差扩大

客户可能会受到买卖价差扩大的影响。流动性和利差之间的关系是相互关联的。一般来说，流动性越高，买卖价差就会越窄。对于美股亚洲时段，交易量明显低于常规交易时段，这将导致价差扩大。因此，投资者在美股亚洲时段交易时，必须注意这种利差。


欲了解更多有关美股亚洲时段的详情，来参与我们的网络研讨会吧!

归根结底，参与美股亚洲时段的交易对投资者来说，是一个极大的优势。能够在亚洲时间进行交易，赋予投资者在投资过程中享有更大的灵活性。由于美股亚洲时段有其独特之处，请务必熟悉这些与美国盘前交易和常规交易时段不同的因素。认识并理解美股亚洲时段的特性，可以让投资者在 美股亚洲时段交易 时受益。


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