HKEX launches leveraged and inverse products for Samsung Electronics in South Korea.

On May 16, Hong Kong Stock Exchange announced that the South East English Samsung Electronics Daily Inverse (-2x) Product and the South East English Samsung Electronics Daily Leverage (2x) Product will officially be listed and traded on HKEX on May 19. These two products have been approved by the Securities and Futures Commission as collective investment schemes and are allowed to be included as designated securities for short selling. Specifically, the stock code for the South East English Samsung Electronics Daily Inverse (-2x) Product is 7347 (Hong Kong dollar counter) and 9347 (US dollar counter), while the stock code for the South East English Samsung Electronics Daily Leverage (2x) Product is 7747 (Hong Kong dollar counter) and 9747 (US dollar counter). At the same time, the relevant securities dealer license has come into effect on the same day to provide dealer activities for the above leverage and inverse products.