Japan’s largest online forex brokerage, GMO CLICK Securities, has just posted a couple of top ten lists showing the growing importance of China for Asian traders as Japanese clients are becoming increasingly keen on trading Chinese stocks.
GMO Click’s CFD trading statistics for June show that its clients preferred trading the Hang Seng and the Shanghai A50 Index in June more than during the previous month. As the Chinese stock market has experienced a massive drop over the past month it will be interesting to see if next month the tremendous volatility leads to it being even more popular in July.
The top three spots have consistently been reserved for the Japanese Nikkei 225 index, crude oil and the Dow Jones Industrial Average (DJIA). In June however, the Shanghai index beat the leading American portfolio of the 30 largest U.S blue chip stocks and broke into the top three spot.
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The Hong Kong index also climbed to the fifth place in June, beating the always popular gold. The remaining top ten are associated with a rather typical mix of products including the German Dax index, the other two major U.S. equity indices S&P 500 and NASDAQ.
|1st||Japan 225||Japan 225|
|2nd||Crude oil||Crude oil|
|3rd||US 30||Shanghai A50|
|4th||Gold spot||US 30|
|5th||Germany 30||Hong Kong H|
|6th||Hong Kong H||Gold spot|
|7th||US NQ100||Germany 30|
|8th||Shanghai A50||US NQ100|
|9th||Platinum spot||Silver spot|
|10th||US S500||United Kingdom 100|
In the GMO CLICK ranking of top ten single stock CFDS we can also see the growing importance of Chinese stocks with three entries on the list. Apple remained the most popular stock, but Twitter took out Facebook for the second place, which dropped all the way to the ninth spot.
|4th||China Industrial and Commercial Bank||China Life Insurance|
|6th||Alcoa||Goldman Sachs Group Inc.|
|7th||P & G|
|8th||China Life Insurance||Netflix|
|10th||Yahoo!||CHINA CONSTRUCTION BANK|
Earlier this month, GMO Click revealed that its forex trading volumes jumped by about 30% in June. The value of exchange-traded contracts during the month also increased in June to ¥591 billon.