# Morning Trading Report
*Date: [REDACTED_PHONE] · Time: 07:00 HKT*

## 1. Calendar Events (Next 2 Weeks)

### Ex‑dividend Dates (HKEX Listed Equity)
| Date | Stock (Symbol) | Div Amount (HK$) | Div % | Payable Date | Note |
|------|----------------|------------------|-------|--------------|------|
| 2026‑03‑20 | SH Group (Holdings) Limited (01637.HK) | 0.0500 (SD) | | 2026‑04‑15 | Special dividend |
| 2026‑03‑23 | ChinaAMC HSI ESG ETF (03403.HK) | 0.1600 | | 2026‑03‑31 | |
| 2026‑03‑23 | E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK) | 0.4500 | | 2026‑03‑31 | |
| 2026‑03‑23 | ChinaAMC HSI ESG ETF‑U (09403.HK) | 0.1600 | | 2026‑03‑31 | |
| 2026‑03‑23 | E Fund (HK) MSCI Asia Pacific Select High Div Index ETF‑U (09483.HK) | 0.4500 | | 2026‑03‑31 | |
| 2026‑03‑24 | Furniweb Holdings Limited (08480.HK) | 0.0150 (SD) | | 2026‑04‑23 | Special dividend |
| 2026‑03‑25 | Global X Hang Seng High Dividend Yield ETF (03110.HK) | 0.2800 | | 2026‑03‑31 | |
| 2026‑03‑25 | Global X Asia Pacific High Dividend Yield ETF (03116.HK) | 1.0400 | | 2026‑03‑31 | |
| 2026‑03‑25 | Global X Hang Seng High Dividend Yield ETF‑R (83110.HK) | 0.2800 | | 2026‑03‑31 | |
| 2026‑03‑26 | Sunlight Real Estate Investment Trust (00435.HK) | 0.0910 | | 2026‑04‑14 | |
| 2026‑03‑26 | Fortune Real Estate Investment Trust (00778.HK) | 0.1681 | | 2026‑04‑24 | |

*Note: SD = Special Dividend. Dividend percentages not provided by source.*

### Index Rebalancing (Next 2 Weeks)
- *No HSI, HSCEI, Hang Seng Tech Index rebalancing dates within next 2 weeks.*

### Major Macro Releases (China Only)
- *No China macro releases scheduled for today.*

## 2. Overnight Spot Moves

### Hong Kong Indices (Overnight Moves)
| Index | 4pm Close (Mark) | T‑1 (Day‑on‑Day) | T0 (Close‑to‑Present) |
|-------|------------------|------------------|----------------------|
| HSI | 25,898 | 0 (0.00%) | *Data unavailable* |
| HSCEI | 8,704 | 0 (0.00%) | *Data unavailable* |

*4pm Close (Mark): Yesterday's close (most recent trading day).  
T‑1: Day‑on‑day change from previous close to yesterday's close.  
T0: Close‑to‑present move from yesterday's close to current live spot (Yahoo Finance/Reuters).*

### Major ADRs/GDRs (AAStocks.com)
| Stock (Symbol) | Last Close | Current | Change | % Change | Note |
|----------------|------------|---------|--------|----------|------|
| *Source timeout – AAStocks ADR page could not be loaded within timeout.* | | | | | |

### Interest Rate Moves (Pre‑9:15am Proxy)
**US Treasury Yields (3M, 6M, 1Y, 2Y)**
- *Data unavailable – Tavily search failed due to location restrictions.*

**Hong Kong IRSB Rates** (if available before 9:15am)
- *Data unavailable – Tavily search failed due to location restrictions.*

*Note: Hong Kong rates released at ~9:15 HKT; pre‑open proxy is US rate movement.*

### FX Rates
| Pair | Current | 1D Change | 5D Change |
|------|---------|-----------|-----------|
| USD/HKD | 7.8248 | *unknown* | *unknown* |
| HKD/CNY | *Data unavailable* | | |

## 3. News & Sentiment (HKEX Stocks & Macro)
- **HKEX Stocks (.HK)**: *Limited news retrieved – Tavily search failed due to location restrictions.*
- **Macro Developments**: *No major China/HK policy or economic data releases identified.*
- **Sector Themes**: *Notable sector movements not available.*

## 4. Volatility Conduction
- **9:15 HSI stock‑vol open**: *Previous close vol: __.*
- **9:30 option market open**: *Anticipate early flow based on overnight moves.*
- **Spot movement at 9:15/9:20**: *Adjust spreads if spot gap > 0.5%.*

## 5. Desk‑Specific Parameters
### Pricing Engine
- **UsedVol** = ManVol(editable) + ManVolTraderOffset(editable) + ManVolOffset(algo) + AdjVol(algo)
- **DeltaSpreadBid/Ask**: *Default settings.*
- **Tick/Cash spread**: *Trader‑tweakable.*

### KO (CBBC) Preparedness
- **CBBCs near barrier** (< 3% spot move): *None identified.*
- **Overnight gap risk**: *Review positions after open.*

## 6. Dashboard Metrics (Previous Day)
- **P&L**: *Not available.*
- **Delta/Vega/Gamma**: *Not available.*
- **SlippageProduct**: *Not available.*
- **SlippageHedge**: *Not available.*

## 7. Today’s Focus
- Monitor early vol conduction (9:15–9:30).
- Adjust margins/spreads based on spot moves.
- Watch for KO events in CBBCs.
- Note interest rate alignment between HK and US.

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*This is an automated report based on the updated checklist. Data sourced via AAStocks scraping; Tavily search failed due to location restrictions. ADR section timed out.*