Hong Kong stock market is rebounding quite strongly , up 7.7% in the past week. We closed our long put and short call options for AIA (HKG: 1299) early, limiting losses, though we already got the bulk of the AIA short position covered by a long Tracker Fund (HKG: 2800) position. Gold moved down slight during the past week and we have closed our short put position on GLD.
Overall, market sentiment is led by geo-political factors such as the Gaza War and US market seems more affected by these geo-political issues than Asian markets.