Movement Alert｜CSOP 2x Leveraged Hang Seng TECH Daily Rises 5.39% in Regular Trading, Semiconductor and Biotech Stocks Surge

Market Focus06-24

On June 24, CSOP 2x Leveraged Hang Seng TECH Daily (07226) rose 5.39% in regular trading, trading at HKD 3.228, with turnover of HKD 877 million.

The underlying Hang Seng TECH Index surged 2.5% in the afternoon session, driven by broad strength in semiconductor and biotech sectors. Semiconductor stocks led the rally with Hua Hong Semiconductor up 18%, Cambridge Technology up 11%, and SMIC up over 10%. Meanwhile, biotech names also contributed significantly, with WuXi XDC up nearly 10%, GenScript Biotech up over 8%, and WuXi AppTec up over 9%.

On the policy front, the 12th batch of national centralized drug procurement was officially launched covering 65 varieties across multiple therapeutic areas. Additionally, officials emphasized building biomedicine as a new pillar industry during a research visit. As a 2x daily leveraged product tracking the Hang Seng TECH Index, the ETF amplified the underlying index gains proportionally during the session.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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