On June 16, CSOP 2x Long HS Tech (07226.HK) declined 5.08% in regular trading, trading at HKD 3.406/share, with turnover of HKD 609 million. As a 2x leveraged product tracking the Hang Seng Tech Index, the decline reflected the amplified impact of the underlying index's afternoon selloff.
The Hang Seng Tech Index extended its losses in the afternoon session to over 2%, while the Hang Seng Index fell 1.5%. Chip stocks led the decline, with multiple semiconductor names dropping 4%-7%. The selloff came as markets awaited the U.S. Federal Reserve's interest rate decision meeting, which marks the first session under new Fed Chair Kevin Warsh. Analysts noted that as long as Warsh avoids strong hawkish signals, the outcome could effectively support global risk assets and benefit Hong Kong stock rebounds.
The Hang Seng Tech Index currently trades at approximately 22.6x PE-TTM, near historical lows. However, institutions highlight that AI capital expenditure outpacing profit realization, coupled with international capital accounting for roughly 60% of Hong Kong stock ownership and an elevated U.S. dollar index near 98, continue to constrain a trend reversal in the near term.
(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.)
