HONG KONG, May 15 (Bernama-BUSINESS WIRE) — The CSOP NASDAQ-100 Index Daily (2x) Leveraged Product (stock code: 7266.HK) will be listed on the Hong Kong Stock Exchange on 15th May, 2020 (hereinafter referred to as “7266.HK”) to pair with CSOP NASDAQ-100 Index Daily (-2x) Inverse Product (Stock code: 7568.HK), helping investors capture U.S. stocks’ two-way movement and seize investment opportunities brought by intensifying market volatility. The listing price of 7266.HK is around HK$ 8/share with trading lot of 100, and the entry investment is approximately HKD 800. 7266.HK aims to provide two times return of the daily performance of the NASDAQ-100 Index (before fees and expenses) by investing in the E-Mini NASDAQ-100 Futures. Because of the nearly 24-hour tradability of the E-mini NASDAQ-100 Index Futures, the price of 7266.HK will move dynamically during the Hong Kong trading hours despite the trading time difference between the Hong Kong and U.S. stock markets, which may induce price insensitivity. In the current volatile market circumstances, 7266.HK has attracted an initial investment of $5 million U.S. dollars before listing.
The Nasdaq-100 (NDX) is known as one of the world’s preeminent large-cap growth index. It includes 100 of the largest U.S and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. Featuring the world’s most innovative and prestigious technology companies, the Nasdaq-100 index is universally deemed to define modern day industrials.