7th January 2026 (Wednesday)
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Market Commentary
HK stocks rise as Kuaishou surges 11%

The Hang Seng Tech Index (HSTech) continued its strong performance to begin the year, having risen 5.08% so far year-to-date. The HSTech 7x Long DLC is up roughly 10% for the year, while the corresponding HSTech 7x Short DLC has declined by a similar magnitude.

Momentum has been driven by positive developments in China's AI sector, with significant gains in tech stocks. Kuaishou Technology (1024.HK) surged 11.09% on Monday (5 Jan), but rose as much as close to 14% intraday, on news of overseas traction for its AI video generator Kling. Reflecting this, the Kuaishou 5x Long DLC jumped nearly 60% on Monday, with the Kuaishou 5x Short DLC down similarly on the same day.

With Asian markets showing heightened volatility, investors can use our Hong Kong DLCs to amplify their own market views—whether bullish or bearish—and capitalize on increased trading volumes.

Visit here to view the full list of DLCs. 

YPCW
HSTECH 7xLongSG270331
HSTECH 7x Long
Last Price1
0.099 -0.015
(-13.04%)
Last Update: 07/01/2026 13:27
 
9B2W
HSTECH 7xShortSG270309
HSTECH 7x Short
Last Price1
0.131 +0.015
(+13.04%)
Last Update: 07/01/2026 13:27
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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Education
How to Trade the US Stock DLCs?

Click here to watch the video

Top Gainers / Losers
Code Name Bid Change1
(%)
RHDW Alibaba 5xShortSG270907 +0.05
(+23.26%)
5C3W BYD 5xShortSG270331 +0.095
(+20.43%)
RDSW BYD 5xShortSG261217 +0.003
(+18.75%)
XCVW CityDev 5xLongSG270930 +0.295
(+17.93%)
9JPW Bilibili 5xShortSG270127 +0.009
(+16.07%)
Code Name Bid Change1
(%)
KMMW Alibaba 5xLongSG270930 -0.04
(-22.10%)
ZVNW Alibaba 5xLongSG270712 -0.285
(-22.09%)
UMEW BYD 5xLongSG270907 -0.115
(-20.00%)
ODJW Bilibili 5xLongSG270216 -0.026
(-17.69%)
QHTW NIO 5xLongSG271021 -0.026
(-17.11%)
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 06/01/2026
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
HKRW HSTECH 5xShortSG280330 -2.04% +0.16
(+9.17%)
1.910 624K
9B2W HSTECH 7xShortSG270309 -2.04% +0.015
(+13.04%)
0.131 521K
WYHW HSTECH 7xLongSG261105A -2.04% -0.023
(-13.45%)
0.147 415K
YPCW HSTECH 7xLongSG270331 -2.04% -0.015
(-13.04%)
0.099 405K
CVMW HSI 5xLongSG261029 -1.29% -0.095
(-5.57%)
1.605 369K
EUCW HSI 7xShortSG270309 -1.29% +0.01
(+7.30%)
0.147 315K
B00W HSI 3xLongSG280309 -1.29% -0.055
(-3.31%)
1.605 299K
ZVNW Alibaba 5xLongSG270712 -4.64% -0.285
(-22.09%)
1.005 293K
SYHW HSTECH 7xLongSG271216 -2.04% -0.23
(-13.49%)
1.470 208K
PSJW Tencent 5xLongSG270930 -2.29% -0.05
(-9.01%)
0.505 193K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 06/01/2026 and 07/01/2026 13:27.
Bid Change (%)2: Change in Current Bid Price with respect to the Last Bid Price from the previous trading day .
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