XJO 0.29% 8,003.6 s&p/asx 200

my apologies in advance if this question is amateurish or has...

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    my apologies in advance if this question is amateurish or has been asked before, SNAS!

    while last night Nasdaq dropped 1.87%, SNAS went all the way up to nearly 9% today, anyone care to elaborate the reasons?
    as I was only expecting a rise of 3 - 4%, understanding its about 200% leveraged
 
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