CSOP Samsung Electronics Daily (-2x) Inverse Product (07347.HK) Rises 19.32% Intraday as Samsung Electronics Falls More Than 7% in Seoul
- The CSOP Samsung Electronics Daily (-2x) Inverse Product rose 19.32% intraday to HK$4.780, on turnover of HK$28.6 million, up 45.38% so far this week
- Samsung Electronics fell more than 7% in Seoul on October 15, with the KOSPI down more than 6% intraday and the Korea Exchange triggering its SIDECAR mechanism; the Philadelphia Semiconductor Index lost 4.3% overnight
- Samsung Securities says a slowdown in memory chip price gains does not mean profits have peaked, and recent share price weakness has more than reflected concerns over the earnings outlook
NewTimeSpace News: As of 10:56 on October 15, the CSOP Samsung Electronics Daily (-2x) Inverse Product (07347.HK) rose 19.32% to a latest price of HK$4.780. The product has traded 6.0072 million units so far today for a turnover of HK$28.6023 million at an average price of HK$4.761. It is up 45.38% so far this week. Its current net asset value per unit is HK$4.0496, and its assets under management stand at HK$236 million.
(Note on scope: the net asset value per unit and assets under management are as of October 14, 2026; the week-to-date change is measured against the closing price of HK$3.288 on October 9.)
On the news front, Asia-Pacific markets sold off sharply on October 15: the benchmark KOSPI index fell more than 6% intraday after opening lower, prompting the Korea Exchange to trigger its SIDECAR mechanism and suspend programmatic selling on KOSDAQ; Samsung Electronics fell more than 7% intraday and SK Hynix more than 9%. Overnight, the Philadelphia Semiconductor Index closed down 4.3%, with the chip index logging a sixth straight day of losses.
The CSOP Samsung Electronics Daily (-2x) Inverse Product (07347.HK) is a derivatives product under the CSOP Leveraged and Inverse Series, with the investment objective of providing two times (-2x) the daily inverse performance of the ordinary shares of Samsung Electronics Co Ltd; the leverage ratio may be adjusted daily depending on market conditions, and the product seeks daily performance only and is not intended to be held for more than one day. The product seeks its objective primarily through a swap-based synthetic replication strategy; its base currency is the US dollar and it trades in Hong Kong dollars, with an ongoing charges ratio of 3.0% a year and a board lot of one unit.
Researchers at Samsung Securities noted that a slowdown in the pace of memory chip price increases does not mean profits have peaked — higher shipments and a better product mix can still drive earnings growth; as high-bandwidth memory (HBM) production takes up part of existing capacity and new plants take time to ramp up, the gap between a slowdown in price gains and a decline in profits will lengthen, and the most striking feature of this cycle is the duration of the profit cycle. Recent share price weakness has more than reflected market concerns over the earnings outlook.
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