CATL sinks up to 5.3% despite superchargeable battery release 🚗 🔋
$CATL(03750)$ ell more than 5.3% in early Hong Kong trading on Wednesday (22 April) despite the world's largest EV battery maker unveiling a new fast‑charging technology that significantly shortens EV charging times.
Tracking the move, the $CATL 5xShortSG280120(HBIW.SI)$ rose by up to 26.5%, while the $CATL 5xLongSG270712(IEYW.SI)$ fell by a similar magnitude.
The pullback follows a strong rally, with CATL gaining 12.3% over the previous five sessions on EV‑sector optimism after breaking above short‑term resistance. Over the same period, the CATL 5x Long DLC has risen approximately 61.6%.
For investors viewing the decline as a tactical entry amid continued bullish momentum, $CATL 5xLongSG270712(IEYW.SI)$ offers magnified exposure to CATL’s daily price movements.
The broader Hong Kong market also weakened, with the $HSI(HSI)$ down about 1.35% at time of writing, lifting the HSI 7x Short DLC by more than 9%, while the HSI 7x Long DLC declined by a similar magnitude.
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