EV-related Stocks Rally on Data Report: NIO +6.6%, BYD +5.6%; 5x Long DLCs Gain
Chinese Automobile stocks rose in early trading on Monday (13 April), bucking the wider market trend after data released by the China Association of Automobile Manufacturers (CAAM) showed that automobile exports surged 56.7% YoY in Q1.
$NIO-SW(09866)$ led gains in the sector, rising 6.6% in morning trade on strong ES9 pre-orders. Amplifying the return, the NIO 5x Long DLC surged 33%. There is currently no Short DLC on NIO listed for trading.
Other automobile-related counters similarly rose, with $BYD COMPANY(01211)$ up more than 5.6%, sending the BYD 5x Long DLC up about 28%, and the BYD 5x Short DLC declined by similar magnitude.
$XPENG-W(09868)$ , $GEELY AUTO(00175)$ and $ $CATL(03750)$ all rose around 1-2% in early morning before before giving up their gains as of morning session close.
The Hang Seng Index (HSI) fell as much as 1.3% in the morning session, lifting the HSI 7x Short DLC by more than 9%, while the HSI 7x Long DLC declined by similar magnitude.
Market sentiment soured as Trump ordered a blockade on the Strait of Hormuz after peace talks with Iran made no progress over the weekend.
Investors who wish to position for continued volatility or react to earnings releases in the upcoming earnings season can consider the Long and Short DLCs, which offer magnified exposure to HK, US and Singapore underlyings.
See the full list of DLCs on dlc.socgen.com
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