8th September 2025 (Monday)
[Click here for DLC product list]
Market Commentary
Alibaba Lead HK Tech and 5x Long Alibaba DLCs Gained +16%

U.S. nonfarm payrolls +22k is weaker than estimation as 75k. Major indices closed with flat movement with expectation for rate-cut in Sep while concern over economic performance.

The hand-off into Asia was steady as HSI and HSTECH are traded around previous close, which is supported by China tech names as cloud/AI development remain strong.

Alibaba (9988.HK) keeps leading the market by gaining around +3.6% in the morning session on 8 Sep. For DLCs, 5x Long Alibaba DLCs gained +16% while 5x Short Alibaba DLCs declined by similar magnitude in the same period. 

Baidu (9888.HK) is traded between HK$99 to HK$100 by rising +3% in the morning session on 8 Sep as investors stayed focus on its AI roadmap. 5x Long Baidu DLCs gained +15% while 5x Short Baidu DLCs declined by similar magnitude in the same period. 

Investors expect a follow-through bullish performance could consider Long DLCs while those who have a bearish view could consider the Short DLCs.

Visit here to view the full list of DLCs.

ZVNW
Alibaba 5xLongSG270712
9988.HK 5x Long
Last Price1
1.625 +0.215
(+15.25%)
Last Update: 08/09/2025 13:34
 
Z7MW
Alibaba 5xShortSG270309
9988.HK 5x Short
Last Price1
0.017 -0.004
(-19.05%)
Last Update: 08/09/2025 13:34
Last Price1: The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
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PHILLIP DLC PROMOTION 

LIM & TAN DLC PROMOTION 

New Issuance
Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
WIAW Galaxy 5xLongSG270827 Galaxy Ent. 5x 03/09/2025
YSHW Geely 5xShortSG270827 Geely Auto -5x 03/09/2025
W7XW Tencent 5xShortSG270827 Tencent -5x 03/09/2025
  CHECK OUT THE NEWLY LAUNCHED DLCs  
New Features
US Stock & Indices 24-hour Chart

Education
US Stock DLCs: What are the benefits and how does it work?

Click here to watch the video

 

Top Gainers / Losers
Code Name Bid Change1
(%)
ZBTW Popmart 5xShortSG270706 +0.035
(+21.34%)
JVWW Baidu 5xLongSG261027 +0.2
(+19.23%)
PYDW Baidu 5xLongSG250924 +0.004
(+18.18%)
9O5W Alibaba 5xLongSG250924 +0.065
(+16.25%)
RPEW SMIC 5xShortSG261223 +0.009
(+15.25%)
Code Name Bid Change1
(%)
IAUW Popmart 5xLongSG270706 -0.41
(-29.82%)
Z7MW Alibaba 5xShortSG270309 -0.004
(-19.05%)
WC5W Baidu 5xShortSG261223 -0.065
(-18.06%)
XIRW Kuaisho 5xLongSG251216 -0.002
(-16.67%)
TDDW Lenovo 5xLongSG261027 -0.34
(-16.50%)
Bid Change (%)1: Change in Current Bid Price with respect to the Last Bid Price from the previous trading day.
Intinsic Closing Value: Last updated on 05/09/2025
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
CVMW HSI 5xLongSG261029 +0.36% +0.025
(+1.59%)
1.600 1M
FNTW HSTECH 7xShortSG270729 +0.30% -0.02
(-2.17%)
0.900 634K
ECSW HSI 7xLongSG251218 +0.36% +0.025
(+2.39%)
1.075 623K
LZJW HSI 7xShortSG270729 +0.36% -0.035
(-3.15%)
1.075 474K
UMCW HSTECH 7xLongSG261105 +0.30% +0.005
(+0.84%)
0.605 443K
YPCW HSTECH 7xLongSG270331 +0.30% 0
(0.00%)
0.205 260K
B00W HSI 3xLongSG280309 +0.36% +0.01
(+0.65%)
1.565 178K
SZWW DBS 5xShortSG261217 -0.16% +0.002
(+1.26%)
0.161 132K
DKPW Alibaba 5xLongSG251113 +3.41% +0.019
(+15.08%)
0.145 132K
RQGW HSI 7xLongSG251216 +0.36% +0.05
(+2.56%)
2.000 97K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 05/09/2025 and 08/09/2025 13:34.
Bid Change (%)2: Change in Current Bid Price with respect to the Last Bid Price from the previous trading day .
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