HSTECH Pulls Back 1% After Friday’s Rally; Baidu and Auto Stocks Lead Declines

$Hang Seng TECH Index(STECH.HK) fell as much as 1% in early morning trading on Monday (7 September), pulling back after its 2.3% rally on Friday (4 September).

Correspondingly, the $HSTECH 7xShortSG270309(9B2W.SG)  rose by as much as 7%, while the $HSTECH 7xLongSG271216(SYHW.SG)  fell a similar magnitude.

$BIDU-W(09888.HK)  led the decline, falling approximately 6% as of 10am Singapore time. Amplifying the move, the Baidu 5x Short DLC (V2UW) climbed about 30%, while the Baidu 5x Long DLC (HVYW)fell a similar magnitude.

Automobile stocks were also among the decliners, including $XIAOMI-W(01810.HK)  (-4%), $BYD COMPANY(01211.HK)  (-2%) and $XPENG-W(09868.HK) (-2%).

Meanwhile, chip stocks mostly traded higher. $SMIC(00981.HK) rose around 1%, which lifted the SMIC 5x Long DLC (WWZW) by ~5%, while the SMIC 5x Short DLC (9DFW) fell around the same magnitude. 

Listed on the SGX, DLCs offer investors up to 7x leveraged and inverse exposure to a wide range of selected Hong Kong, US, and Singapore stocks and indices.

Investors who are bullish can consider the Long DLCs, while those who are bearish can look to the Short DLCs to benefit from any price decline.

View the full list of DLCs here. 
 

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.