CSOP Hang Seng Index Daily (-2x) Inverse Product (07500.HK) Rises 6.21% Intraday as HSI Breaks 23,000

NewTimeSpace News: As of 14:32 on October 22, the CSOP Hang Seng Index Daily (-2x) Inverse Product (07500.HK) rose 6.21% to a latest price of HK$2.018. The product has traded 264.5772 million units so far today for a turnover of HK$526.9 million at an average price of HK$1.992, with a turnover rate of 16.93%. It is up 10.64% so far this week. Its current net asset value per unit is HK$1.9032, and its assets under management stand at HK$2.974 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 21, 2026; the week-to-date change is measured against the closing price of HK$1.824 on October 16.)

On the news front, Hong Kong stocks sold off sharply on October 22: the Hang Seng Index opened 138 points lower and extended losses, falling more than 650 points intraday and breaking below the 23,000 mark to a low of 22,996, a more than three-month trough; it was down 2.87% at midday at 22,971.63 and widened to more than 3% in the afternoon, while the Hang Seng TECH Index fell 4.64% at midday. Blue chips fell broadly: Lenovo Group dropped 7.85% as the worst-performing blue chip, Alibaba fell 5.45% and lost the HK$100 mark, Tencent traded at HK$382.8 for a fresh more than 18-month low, Meituan fell 3.61% and CATL extended its losing streak to seven sessions with a 5.26% drop; Hua Hong Semiconductor fell 7%, NetEase about 6% and SMIC more than 4%; financials held up relatively better, with HSBC down 0.8% and AIA down 1%. AI large-model stocks came under pressure, with Zhipu down 8.59% and MiniMax down 7.16%.

The CSOP Hang Seng Index Daily (-2x) Inverse Product (07500.HK) is a derivatives product under the CSOP Leveraged and Inverse Series, with the investment objective of providing two times the daily inverse (-2x) performance of the Hang Seng Index; it seeks daily performance only and is not intended to be held for more than one day. It gains Hang Seng Index exposure through swaps (or, under a futures strategy, by holding HSI futures on margin) and rebalances daily; swap costs may reach up to 2% of net asset value a year, the board lot is 100 units and the ongoing charges ratio is 1.56% a year.

In its Hong Kong weekly report dated October 20, CMB International noted that China's third-quarter GDP grew 4.5% year on year, above expectations and faster than the second quarter, but growth was still driven mainly by exports and high-tech manufacturing, with domestic demand and property remaining weak; the offshore renminbi broke through 6.68 intraday for the first time in more than four years; in the two weeks to October 15, Southbound holdings rose 0.3 percentage point to 31.4%, a fresh year-to-date high, while average open short positions in key Hong Kong consumer stocks fell 0.1 percentage point to 8.9%, the first decline since July.