HeyJaredHing Shing Leung
Buyside Equity Analyst (CFA). Degrees in Physics, Math, and AI. Bridging deep tech and finance. Exploring AI trends and semiconductor markets. Not investment advice.
- Indexed issues, last 90 days
- 4
- Latest publication
- Sep 16, 2026
- Audience
- Checking…
- Earliest in this view
- Sep 15, 2026
Latest issues
Why WuXi AppTec's Geopolitical Risks Are Manageable | 藥明康德的制裁風險為何相對可控？ (opens the original)
Read excerpt
Three months ago, the market was highly panicked about the geopolitical risks surrounding WuXi AppTec. Many people asked me at the time: “If the US sanctions WuXi, will its revenue fall off a cliff?”<img alt="" class="sizing-normal" height="527" src=
Why T-Bill Can't Move Rates, But Long-Bond Supply Does: A DV01 Perspective | 為什麼 T-Bill 帶不動整體利率，而新增長債卻能？從 DV01 說起 (opens the original)
Read excerpt
When discussing the long-term interest rate market, we must focus on the primary buyers and the market’s gold standard metric: DV01 (Dollar Value of 1 basis point).The primary buyers of long-term US Treasuries are pension funds, insurance companies, and banks. They manage the interest rate risk of their entire portfolios based on DV01. They carefully match the DV01 of their long bonds with the DV01 of their liabilities and other assets; they do not increase their holdings limitlessly. Thus, DV01
Reviewing UBS: Where Does the "20 Years Behind" Claim Come From? | 點評 UBS 報告：中國光刻機「落後20年」的理據從何而來？ (opens the original)
Read excerpt
A recent UBS report on China's semiconductor progress caught my attention. Their base-case scenario suggests that China will not be able to develop EUV equipment within the next decade, noting that "judging by patents, their current stage is roughly equivalent to ASML's level in 2004."While patent data might indeed point to a 2004 ASML equivalent, claiming a blanket “20-year lag” in China’s DUV/EUV development is a dangerous oversimplification.I suspect UBS’s 2004 benchmark stems from the MIIT’s
Leveraged ETFs Are Just Short Vol Trade | 槓桿 ETF 本質上就是做空波動率 (opens the original)
Read excerpt
Trading leveraged ETFs is essentially shorting volatility because these products suffer from volatility drag. The higher the volatility of the underlying asset, the worse the cumulative return of the leveraged product.Take a 2x leveraged ETF as an example:Day 1: Underlying asset rises 10% → 110; the 2x ETF rises 20% → 120.Day 2: Underlying asset drops ~9.09% → back to 100; the 2x ETF drops ~18.18% → ~98.18.This is the volatility drag of leveraged ETFs. The higher the volatility, the greater the
Publishing over time
Last 90 days. Choose a month to open its work.
Recurring subjects
Named in the text we hold. One piece can cover several.
Audience
No verified audience measurement yet.
About this data
Counts cover the work we have indexed. Tone needs enough text and a confident classification. Excerpts and episode notes are not full articles or transcripts.
Identity or attribution wrong? Suggest a correction.