The CSOP Hang Seng TECH Index Daily (2x) Leveraged Product (07226) experienced a significant surge of 5.04% during Thursday's intraday trading session, outpacing the broader market gains. This remarkable performance comes as Hong Kong's technology sector shows strong momentum, with the Hang Seng Tech Index itself extending gains to 1% in morning trading.

The leveraged product's impressive rise can be attributed to its design, which aims to deliver twice the daily return of the Hang Seng TECH Index. As tech stocks in Hong Kong rallied, the amplified effect on the leveraged product became evident. Notable performers within the tech sector included Hua Hong Semiconductor, rising 3%, and Semiconductor Manufacturing International Corporation (SMIC), climbing over 2%.

The overall positive sentiment in Chinese and Hong Kong markets likely contributed to the surge. The broader Hang Seng Index also opened higher and extended gains to 1%, reflecting investor optimism across various sectors. This upbeat market environment, coupled with the strong performance of technology stocks, has created favorable conditions for leveraged products tracking the tech sector to outperform.