On June 11, CSOP 2x Leveraged Hang Seng TECH Daily (07226) declined 5.17% in regular trading, trading at HKD 3.334 with turnover of HKD 577 million. As a 2x leveraged product tracking the Hang Seng TECH Index, the ETF amplified the underlying index's continued slide.

The decline is a continuation of a multi-day selloff in Hong Kong technology stocks. The Hang Seng TECH Index has recorded consecutive losses since June 5, approaching prior lows. Multiple macro headwinds are converging: US May non-farm payrolls surged to 172,000 jobs, far exceeding expectations, pushing market-implied probability of a Fed rate hike above 70% and driving US bond yields and the dollar higher. Simultaneously, renewed Iran-Israel military conflict has elevated geopolitical risk and oil prices, triggering a broad rotation out of high-beta tech into energy and safe-haven assets.

Analysts noted that the Hong Kong market's structural reliance on external capital amplifies downside volatility when sentiment deteriorates. Sector crowding in semiconductors and AI hardware has reached extreme levels, with concentrated profit-taking creating negative feedback loops. Institutions highlighted that the Hang Seng TECH Index valuation has fallen to the 8th percentile over the past year, suggesting significant compression already priced in.

(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.)