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Stock Track | CSOP Hang Seng Tech 2x Inverse ETF Plummets 6.39% Intraday as Underlying Index Rallies Post-Holiday

Stock Track05-04

The CSOP Hang Seng Tech 2x Inverse ETF (07552.HK) plummeted 6.39% during Monday's intraday trading session. As a two-times inverse leveraged exchange-traded fund that tracks the Hang Seng Tech Index, its sharp decline is directly tied to movements in the underlying benchmark.

The primary driver for the sell-off was a strong rally in the Hang Seng Tech Index on the first trading day following a market holiday, which exerts significant downward pressure on this inverse product. Furthermore, a large block sale of approximately 925,600 shares was executed in early trading at HKD 1.642 per share, involving roughly HKD 1.52 million. This sizable transaction ahead of the broader price decline potentially triggered market concerns over short-term liquidity and intensified selling pressure throughout the session.

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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