Movement Alert|CSOP 2x Leveraged Hang Seng TECH Falls 5.03% in Regular Trading, Hang Seng TECH Index Drops 2.4% as AI Model Stocks Lead Selloff

Market Focus06-23 11:42

On June 23, CSOP 2x Leveraged Hang Seng TECH (07226.HK) fell 5.03% in regular trading, trading at HKD 3.102, with turnover of HKD 916 million.

The decline was driven by a broad selloff in the Hang Seng TECH Index, which dropped over 2.4% during the session. AI large-model stocks led the losses, with Zhipu falling 12% and MiniMax plunging over 15%. Alibaba broke below HKD 100 for the first time since April of last year, declining more than 3%. As a 2x leveraged product tracking the Hang Seng TECH Index, the ETF amplified the underlying index losses.

The Hang Seng TECH Index has faced persistent structural headwinds including elevated consumer discretionary weightings, limited exposure to core AI hardware themes, and triple liquidity drains from foreign capital outflows, heavy IPO supply diverting funds, and slowing southbound inflows. Cumulative net outflows from Hang Seng TECH ETFs reached approximately RMB 16.7 billion during May and mid-June, reflecting investor capitulation after months of underperformance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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