On July 17, CSOP Hang Seng Tech Daily -2x Inverse rose 8.34% in regular trading, trading at 1.772 HKD/share, with turnover of 928 million HKD.

On the news front, global market panic spread broadly, with the Hang Seng Tech Index plunging over 4% intraday, Nasdaq futures falling over 1%, and FTSE A50 futures dropping over 2%. Among Hang Seng Tech constituents, AI model leaders Zhipu tumbled 21% and MINIMAX fell 12%, while XPeng declined 8%, Hua Hong Semiconductor lost 6%, and Kuaishou, SMIC, and Meituan each fell over 3%. The prior session saw the semiconductor sector already under heavy pressure after Montage Technology plunged nearly 23% following a raid by Korean prosecutors over alleged price collusion, with negative sentiment carrying over.

As a 2x daily inverse product tracking the Hang Seng Tech Index, the underlying index decline is amplified through leverage, converting into upward momentum for this ETF.

(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.)