HSTECH Rebounds +1.6% with 7x Long DLC up +11%; Xiaomi, Meituan, Alibaba Lead Gains

The Hang Seng TECH Index (HSTECH) edged higher in early trading on Wednesday (14 Oct), rising around 1.6% as of the lunch close.

This lifted the HSTECH 7x Long DLC (XQ4W) by more than 11%, while the HSTECH 7x Short DLC(9B2W) declined by a similar magnitude.

$Hang Seng TECH Index(STECH.HK) has declined around 25% year-to-date and recently touched 4,065, returning close to levels last seen before Beijing’s September 2024 stimulus-driven rally.

In the past three weeks, HSTECH has fallen 6.8%. Over the same period, the $HSTECH 7xShortSG270309(9B2W.SG) gained around 48%, while the $HSTECH 7xLongSG280622(XQ4W.SG) fell around 45%.

Among the today's top gainers were $XIAOMI-W(01810.HK), $MEITUAN(03690.HK) , $BABA-W(09988.HK)  , which rose ~5.5%, 4.6% and 3.5%, respectively.

Amplifying the moves, the Xiaomi 5x Long DLC (JPMW) surged more than 27%, while the Xiaomi 5x Short DLC (YW5W)fell a similar magnitude.

Meituan 5x Long DLC (93RW) gained around 23%, while the corresponding 5x Short DLC (IJWW) declined by a similar magnitude.

Alibaba 5x Long DLC (IWWW) rose around 17%, while the Alibaba 5x Short DLC (RHDW) fell by a similar magnitude.

Investors who are bullish and expect upward momentum to continue may consider the Long DLCs while those with a bearish view may consider the Short DLCs for inverse exposure.

View the full list of DLCs here.