Global investors use 'perp' bets to chase China tech stocks like Unitree

MarketsRisky derivatives offer way for traders outside country to catch hottest IPOsChinese humanoid developer Unitree and memory chip producer CXMT were popular targets of 'perp' bets before their recent IPOs, heralding big pops. (Nikkei montage/Source photos by Reuters and Getty Images)LORRETTA CHENAugust 21, 2026 14:19 JSTHONG KONG -- Investors around the world are turning to highly leveraged derivatives known as "perpetual futures" to gain exposure to Chinese technology stocks as the global hype surrounding artificial intelligence ramps up.