HSTECH & HSI 7x Short DLCs Post Double-digit Gains As Markets Slide
Asia markets opened sharply lower on Monday (23 March) as geopolitical tensions escalated after the US issued Iran a 48-hour ultimatum to reopen the Strait of Hormuz, with Tehran threatening to shut the waterway indefinitely and target regional energy infrastructure in response.
Hong Kong stocks mostly sank in morning trading, with the $HSI(HSI)$ down 3.46% during the session. Amplifying the move, the HSI 7x Short DLC rose about 24%, while the HSI 7x Long DLC fell by a similar magnitude.
The $HSTECH(HSTECH)$ Index, meanwhile, was down about 3.1%, translating into a close to 22% rise for the HSTECH 7x Short DLC, while the HSTECH 7x Long DLC fell by a similar magnitude.
Singapore markets also opened on the back foot, with the $MSCI Singapore Index - main 2603(SGPmain)$ sinking about 2.4%. Tracking the underlying, the SiMSCI 7x Short DLC was up around 17%, while the SiMSCI 7x Long DLC fell by a similar magnitude.
With no clear end in sight to the Middle East conflict and markets continuing to whipsaw, investors can amplify their directional views through Long and Short DLCs.
See the full list of DLCs on dlc.socgen.com
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only
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.
