$Intel(INTC)$ rose 9% on Tuesday (8 September) following reports that the company plans to raise CPU prices by 10% in early October.
Amplifying the move, the Intel 3x Long DLC (9DWW) gained around 27%, while the Intel 3x Short DLC (JRYW) declined a similar magnitude.
Among other DLC-covered chip stocks, $Advanced Micro Devices(AMD)$ and $Applied Materials(AMAT)$ rose 5.9% and 3.98%, respectively.
Correspondingly, the AMD and AMAT 3x Long DLCs rose about 17% and 11% respectively, with the AMD and AMAT 3x Short DLCs also declining a similar respective magnitude.
In contrast, $NVIDIA(NVDA)$ fell 2%, lifting the Nvidia 5x Short DLC (VU6W) by around 10%, while the Nvidia 5x Long DLC (KJHW) declined by a similar magnitude.
The $NASDAQ 100(NDX)$ ended 0.3% lower amid mixed stock performance and concerns over higher energy prices. The Nasdaq 7x Short DLC (W5BW) gained approximately 2%, while the Nasdaq 7x Long DLC (MFVW) declined by a similar amount.
US DLCs listed on SGX offer up to 7x long and short exposure to US indices and stocks during SGX trading hours, allowing investors to respond to market developments ahead of the US market open.
View the full list of DLCs here.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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