$A GX HSCEICC(03416.HK) basically didn't move, $Direxion FTSE China Bear 3X(YANG.US) actually dipped slightly.
The fact that shorting tools fell while spot prices remained flat suggests: Chinese assets were actually relatively strong overnight, but the Hong Kong stock market 盘面 was dragged down by tech stocks, masking this strength.
Leveraged shorting tools incur decay costs during sideways markets in the underlying asset. When the direction is wrong, time isn't on your side either; using them for long-term hedging creates a lose-lose structure.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
