SocGen, UBS permanently suspend DLCs of various Chinese tech companies after violent price swings
JD.com, Alibaba, NetEase see daily leverage certificates suspended after over 20% intraday rise in share price
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Singapore
SG Issuer, Societe Generale (SocGen) group's issuing entity, and UBS, have permanently suspended the trading of daily leverage certificates (DLCs) of various Chinese tech companies on the Singapore Exchange (SGX).
On Thursday (Mar 17), SG Issuer permanently suspended the trading of JD.com's 5x Short DLCs, with counter codes DJBW and DUDW, after their underlying stock recorded a more than 20 per cent intraday rise in its share price and triggered the airbag mechanism.
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