On August 24, CSOP Hang Seng TECH Index Daily (2x) Leveraged Product fell 5.1% in regular trading, trading at HK$3.3/share, with turnover of HK$265 million.

On the news front, the Hang Seng Tech Index plunged over 2% in the morning session, with major tech stocks broadly declining. The core drag came from Alibaba, which fell over 8% after announcing its first-ever placement of new shares since listing in Hong Kong, placing 710 million new shares at HK$112.7 per share, with estimated total proceeds of HK$80 billion to be fully deployed toward AI infrastructure development. Additionally, MiniMax fell 5%, while Baidu and NetEase each declined 3%, putting broad pressure on the sector.

As a 2x leveraged long product tracking the Hang Seng Tech Index, a decline of over 2% in the underlying index corresponds to approximately 4%-5% loss in this product, consistent with the current movement.

(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.)