CSOP NASDAQ-100 Daily (-2x) Inverse Product (07568.HK) Up 2.81% as Nasdaq Futures Fall 2%

NewTimeSpace News: As of 10:43 on November 4, CSOP NASDAQ-100 Daily (-2x) Inverse Product (07568.HK) rose 2.81% to a latest price of HK$2.632. The product has so far traded 4.324 million units today, with turnover of HK$11.315 million and an average price of HK$2.617; its turnover rate is 0.718%. It has gained 8.49% week to date. The net asset value per unit is HK$2.53, and assets under management stand at HK$1.525 billion (about US$194 million). (Note: NAV and AUM are as of November 3; the week-to-date change is based on the October 30 close of HK$2.426.)

The United States held its midterm elections on November 4, with early counting showing strong momentum for the Democrats. Nasdaq-100 futures extended losses to 2% intraday and S&P 500 futures fell 0.88%, while Asian technology shares broadly declined on concern that a Democratic victory could slow AI investment flows into Asia's tech-heavy markets. Overnight, the Nasdaq ended up 0.83% at 25,372.01 and the Philadelphia Semiconductor Index rose 2.64%.

CSOP NASDAQ-100 Daily (-2x) Inverse Product (07568.HK) is a daily leveraged and inverse product under CSOP seeking daily investment results equal to two times the inverse of the NASDAQ-100 Index's daily performance, achieved mainly through index futures and swaps. Leverage resets daily and returns are measured against a single day; when held for more than one day, compounding and the daily reset will cause cumulative returns to diverge from twice the index's inverse performance over the same period. The product is managed by CSOP Asset Management Limited, with the US dollar as its base currency and AUM denominated in USD.

Chris Weston, head of research at Pepperstone, said the size of a Democratic win, or an unexpected Republican hold on the Senate, could trigger large-scale repositioning. Global markets are gripped by risk aversion, with "sell tech, buy Treasuries" emerging as the clear defensive, AI-bearish trade in early dealings.