CSOP Nikkei 225 Daily (-2x) Inverse (07515.HK) Up 11.33% as Nikkei Enters Bear Market

NewTimeSpace News: As of 10:18 on November 6, CSOP Nikkei 225 Daily (-2x) Inverse (07515.HK) rose 11.33% to a latest price of HK$17.200. The product has so far traded 500,400 units today, with turnover of HK$8.6731 million and an average price of HK$17.332; its turnover rate is 3.539%. It has gained 18.05% week to date. The net asset value per unit is HK$15.5990, and assets under management stand at JPY4.443 billion (about HK$221 million). (Note: NAV and AUM are as of November 5; AUM is denominated in yen and converted at JPY1 = HK$0.0496; the week-to-date change is based on the October 30 close of HK$14.570.)

Asia-Pacific equities fell sharply on November 6. Japan's Nikkei 225 opened down more than 2% and extended losses past 6%, taking its decline from the June peak beyond 20% and into bear-market territory. SoftBank Group fell 16%, its worst single-day drop since August 2024, while Kioxia lost 14% and Tokyo Electron nearly 9%. South Korea's KOSPI plunged as much as 8%, broke below 5,000 and triggered a circuit breaker, with Samsung Electronics down nearly 10% and SK Hynix 11.7%; the MSCI Asia-Pacific Index fell 3% to 247.75. A day earlier, the Nikkei 225 had closed down 1.79% at 61,077.9, with Advantest down 14.71% that session.

CSOP Nikkei 225 Daily (-2x) Inverse (07515.HK) is a daily inverse product under CSOP seeking daily returns equal to twice the inverse of the Nikkei 225 Index's daily performance, achieved mainly by investing directly in the nearest quarterly Nikkei 225 futures and mini futures contracts. 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 fund's base currency is the Japanese yen and it trades in Hong Kong dollars; it listed on May 29, 2024, with a board lot of 10 units.

Financial market strategist Mark Cranfield notes that after the Nasdaq's rout, Nasdaq-100 futures have edged higher into consolidation, but given how deeply the KOSPI and Nikkei 225 opened down, the rebound is unlikely to push them into reversing course.