On July 8, XI CSOP Hang Seng Tech 2x Inverse declined 8.02% in regular trading, trading at HKD 1.74, with turnover of HKD 797 million.
On the news front, the Hang Seng Tech Index extended its rally with intraday gains expanding to 3%, as tech and computing power stocks strengthened broadly. Zhipu rose nearly 10%, Lenovo Group surged over 8%, Kuaishou gained more than 5%, and Baidu and Xiaomi each advanced over 4%. As a two-times inverse leveraged product tracking the Hang Seng Tech Index, the sharp rise in the underlying index directly resulted in an amplified inverse decline in this product.
Multiple factors are driving the current Hang Seng Tech rebound: the index trailing P/E ratio sits at approximately the 25th percentile historically, providing ample valuation recovery momentum; a leading domestic enterprise released a next-generation foundation model Hunyuan Hy3, reinforcing AI commercialization expectations; and southbound capital has continued to flow back, providing sustained funding support. The index posted a cumulative 5.72% gain the prior week, marking its largest weekly advance of the year.
(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.)
