SMIC bucks trend, surges up to 7.7% as HSTECH sinks 1.35%%; 7x Long and Short DLCs in focus
$SMIC(00981)$ surged as much as 7.7% in early trading on Monday (22 June), lifting the SMIC 5x Long DLC nearly 39%, while the SMIC 5x Short DLC fell by a similar magnitude, before the stock trimmed gains to trade up 2.9% by the morning session close.
The rally came as AI-related counters continued to outperform across Asia, even as broader Hong Kong equities opened mostly weaker amid continued softness in non-AI themes.
Meanwhile, the tech-heavy $HSTECH(HSTECH)$ closed 1.35% lower in the morning session, slipping below its key resistance level of around 4,600 and remains under its 50-, 100-, and 200-day moving averages.
Tracking the underlying index, the $HSTECH 7xShortSG270309(9B2W.SI)$ gained about 9.5%, while the $HSTECH 7xLongSG271216(SYHW.SI)$ declined by a similar magnitude.
For investors expecting continued weakness in Hong Kong markets, Short DLCs may offer an opportunity to benefit from declining prices with magnified exposure.
Conversely, investors anticipating a rebound may consider Long DLCs to potentially amplify gains from any upside move.
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.
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