Hong Kong’s Day Traders Chase Leveraged ETFs After US Tech Boom

When Pat Miao walked away from her Hong Kong office job this summer, she gained something else: time to trade in one of Wall Street’s wildest corners. The 30-year-old now wagers on funds that offer double or triple the daily returns of popular US tech stocks such as Tesla Inc. Leveraged exchange-traded funds, once the preserve of professional speculators given their ability to amplify both gains and losses, are gaining traction among retail investors in Hong Kong. While some, like Miao, trade US-based pr ...