The $HSTECH(HSTECH)$ continued its strong performance to begin the year, having risen 5.08% so far year-to-date. The $HSTECH 7xLongSG270331(YPCW.SI)$ is up roughly 10% for the year, while the corresponding $HSTECH 7xShortSG270309(9B2W.SI)$ has declined by a similar magnitude. Momentum has been driven by positive developments in China's AI sector, with significant gains in tech stocks. $KUAISHOU-W(01024)$ surged 11.09% on Monday (5 Jan), but rose as much as close to 14% intraday, on news of overseas traction for its AI video generator Kling. Reflecting this, the $Kuaisho

Stocks in Hong Kong began 2026 on a positive note as the $HSTECH(HSTECH)$ rose about 4% on Friday (2 Jan), the first trading day of the year, breaking above its short-term resistance near 5,706 in its best day in over a month. Tracking the underlying, the HSTech 7x Long DLC rose about 27%, while the HSTech 7x Short DLC fell a similar magnitude. HSTech-linked DLCs also saw its best flows in over a month, as investors seeked to position themselves tactically to capture the moves in the market. Leading the advance was $BIDU-SW(09888)$ rallying 9.35% after its AI-chip unit Kunlunxin confidentially filed for a Hong Kong IPO, an announcement that fuelled optimism around China's AI and semiconductor ambitions