HSTECH Rebounds +1.6% with 7x Long DLC up +11%; Xiaomi, Meituan, Alibaba Lead Gains

SG DLC News
10-14 15:42

The Hang Seng TECH Index (HSTECH) edged higher in early trading on Wednesday (14 Oct), rising around 1.6% as of the lunch close.

This lifted the HSTECH 7x Long DLC (XQ4W) by more than 11%, while the HSTECH 7x Short DLC(9B2W) declined by a similar magnitude.

$HSTECH(HSTECH)$ has declined around 25% year-to-date and recently touched 4,065, returning close to levels last seen before Beijing’s September 2024 stimulus-driven rally.

In the past three weeks, HSTECH has fallen 6.8%. Over the same period, the HSTECH 7x Short DLC(9B2W) gained around 48%, while the HSTECH 7x Long DLC (XQ4W) fell around 45%.

Among the today's top gainers were $XIAOMI-W(01810)$ , $MEITUAN-W(03690)$ , and $BABA-W(09988)$ which rose ~5.5%, 4.6% and 3.5%, respectively.

Amplifying the moves, the Xiaomi 5x Long DLC (JPMW) surged more than 27%, while the Xiaomi 5x Short DLC (YW5W) fell a similar magnitude.

Meituan 5x Long DLC (93RW) gained around 23%, while the corresponding 5x Short DLC (IJWW) declined by a similar magnitude.

Alibaba 5x Long DLC (IWWW) rose around 17%, while the Alibaba 5x Short DLC (RHDW) fell by a similar magnitude.

Investors who are bullish and expect upward momentum to continue may consider the Long DLCs while those with a bearish view may consider the Short DLCs for inverse exposure.

View the full list of DLCs here.

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

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Comments

  • JamesWalton
    10-14 17:02
    JamesWalton
    A 1.6% bounce after a 6.8% three week slide still looks like a dead cat to me, especially with put call at 1.16
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