9th July 2026 (Thursday)
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Market Commentary
7x Long HSTECH Surged 35% Led by Alibaba's 12% Gain

Singapore banks and Hong Kong technology stocks stole the spotlight on Wednesday, 8 July, with DBS, OCBC, and UOB all hitting fresh records.

UOB led the banks with a 3.93% jump, driving its 5x Long DLC up 19.6% and the 5x Short DLC down a similar magnitude. OCBC and DBS also climbed 1.71% and 0.67%, lifting their 5x Long DLCs by 8.5% and 3.3% respectively.

In Hong Kong, Alibaba (9988.HK) surged 12.2%, lifting the Alibaba 5x Long DLC by 61%, while the Alibaba 5x Short DLC fell by a similar magnitude.

Xiaomi (1810.HK) and Kuaishou (1024.HK) also rallied 9.5% and 8.7%, boosted by reports of Chinese firms accelerating plans to develop their own AI chips.

The rally powered the HSTECH Index nearly 5% higher — its strongest percentage gain in over a year — bringing it close to its 50-day moving average. A sustained break above this level could point to further upside momentum for the index.

Amplifying the move, the HSTECH 7x Long gained close to 35% while the HSTECH -7x Short declined by a similar magnitude. 

Investors looking to ride further momentum can consider Long DLCs offering up to 7x leveraged exposure across Singapore, Hong Kong and US markets.

Those expecting a pullback may consider Short DLCs for up to -7x inverse exposure.

See the full list of DLCs here.

SYHW
HSTECH 7xLongSG271216
7x Long HSTECH
Last Price1
0.129 +0.005
(+4.03%)
Last Update: 09/07/2026 09:47
 
9B2W
HSTECH 7xShortSG270309
-7x Short HSTECH
Last Price1
0.112 -0.005
(-4.27%)
Last Update: 09/07/2026 09:47
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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NEW GOLD & SILVER-LINKED DLCs

LIM & TAN SECURITIES DLC PROMOTION

New Issuance
Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
9PKW AMD 3xShortSG280622 Advanced Micro Devices, Inc. -3x 08/07/2026
JLZW Alibaba 5xLongSG280622 Alibaba 5x 08/07/2026
HVYW Baidu 5xLongSG280622 Baidu, Inc. 5x 08/07/2026
XQ4W HSTECH 7xLongSG280622 Hang Seng TECH Index 7x 08/07/2026
93RW Meituan 5xLongSG280622 Meituan 5x 08/07/2026
VV9W Micron 3xLongSG280622 Micron Technology Inc 3x 08/07/2026
1J9W Micron 3xShortSG280622 Micron Technology Inc -3x 08/07/2026
56WW NIO 5xLongSG280622 NIO Inc. 5x 08/07/2026
JPMW Xiaomi 5xLongSG280622 Xiaomi Corporation 5x 08/07/2026
56UW XPeng 5xLongSG280622 XPeng Inc. 5x 08/07/2026
FGVW BYDElec 5xLongSG271209 BYD Electronic (International) Co Ltd 5x 25/06/2026
EZNW CATL 5xShortSG280609 CATL -5x 25/06/2026
XBSW Sunny 5xShortSG280609 Sunny Optical -5x 25/06/2026
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Education
US Stock DLCs: What are the benefits and how does it work?

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Top Gainers / Losers
Code Name Bid Change1
(%)
Z8TW AVGO 3xLongSG280420 +0.63
(+21.50%)
XFAW Geely 5xShortSG280413 +0.19
(+18.27%)
JSKW SMIC 5xLongSG270316 +0.009
(+18.00%)
WWZW SMIC 5xLongSG280316 +0.16
(+17.11%)
TDDW Lenovo 5xLongSG261027 +1.02
(+16.97%)
Code Name Bid Change1
(%)
EONW Geely 5xLongSG270907 -0.051
(-24.88%)
9FOW AVGO 3xShortSG280420 -0.265
(-19.49%)
ZAXW SMIC 5xShortSG270930 -0.003
(-17.65%)
9DFW SMIC 5xShortSG280524 -0.065
(-16.88%)
QHTW NIO 5xLongSG271021 -0.006
(-16.67%)
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 08/07/2026
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Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
PSJW Tencent 5xLongSG270930 0.00% -0.003
(-4.55%)
0.063 241K
RBKW HSI 5xLongSG280524 0.00% +0.015
(+1.73%)
0.880 210K
9B2W HSTECH 7xShortSG270309 0.00% -0.005
(-4.27%)
0.112 192K
NILW HSTECH 5xLongSG280413 0.00% +0.02
(+3.36%)
0.615 167K
Y9GW HSTECH 3xShortSG280309 0.00% -0.02
(-1.78%)
1.105 155K
ZOGW HSI 7xLongSG270623 0.00% +0.015
(+2.14%)
0.715 126K
CVMW HSI 5xLongSG261029 0.00% +0.015
(+1.84%)
0.830 110K
44BW Micron 3xLongSG280913 0.00% +3.59
(+27.94%)
16.440 104K
FNTW HSTECH 7xShortSG270729 0.00% -0.015
(-4.35%)
0.330 103K
B00W HSI 3xLongSG280309 0.00% +0.015
(+1.34%)
1.135 92K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 08/07/2026 and 01/01/1970 08:00.
Bid Change (%)2: Change in Current Bid Price with respect to the Last Bid Price from the previous trading day .
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