Movement Alert|CSOP Hang Seng TECH Index Daily (2x) Leveraged Product Rises 5.03% in Regular Trading, Hang Seng Tech Index High Open Drives Leveraged Products Higher

Market Focus
Jul 29

On July 29, CSOP Hang Seng TECH Index Daily (2x) Leveraged Product rose 5.03% in regular trading, trading at 3.614 HKD/share, with turnover of 527 million HKD.

On the news front, the Hang Seng Tech Index opened 1.02% higher on the day, with major tech names broadly advancing. Xiaomi, Meituan, Alibaba, Tencent, and Baidu all gained more than 1%, while AI application stocks strengthened in tandem with MINIMAX rising over 4%. In the auto sector, Li Auto climbed more than 4%. Overnight, strong US corporate earnings lifted market sentiment, with the Dow Jones Industrial Average surging over 700 points at one point, boosting risk appetite across Hong Kong markets.

As a two-times leveraged product tracking the Hang Seng Tech Index, the fund amplified the underlying index gains. The product had been under pressure in the prior session due to a global chip stock selloff but recovered swiftly alongside the index rebound.

(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.)

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