HSTECH rises over 3% as Alibaba,SMIC rebound on AI optimism; Focus on 7x Long and Short HSTECH
Hong Kong stocks opened higher on Monday (20 July), led by $BABA-W(09988)$ 's 5% gain as of 9.45am following the preview of its flagship Qwen AI model.
Correspondingly, the Alibaba 5x Long DLC surged 25%, with the Alibaba 5x Short DLC down a similar magnitude.
The move followed Friday’s broad sell-off, when the $HSTECH(HSTECH)$ declined more than 5%.
Other technology stocks also rebounded at the open, with $KUAISHOU-W(01024)$ up 4.7% and $SMIC(00981)$ gaining 3.6%.
The rally lifted HSTECH by more than 3% in early morning trading.
Amplifying the move, the HSTECH 7x Long DLC rose by about 22%, while the HSTECH 7x Short DLC fell by a similar magnitude.
Investors who view the rally as the beginning of a broader market rebound may consider 7x Long DLCs to amplify their exposure to further HSTECH gains. Conversely, investors expecting a pullback may consider 7x Short DLCs to gain from a potential price decline.
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