Movement Alert｜T-REX 2X Long DRAM Daily Target ETF Falls 8.29% in Pre-Market Trading, Memory Rally Cools After SK Hynix Earnings-Driven Surge

On October 29, T-REX 2X Long DRAM Daily Target ETF fell 8.29% in Pre-Market Trading, trading at $9.6, with turnover of $4.8686 million.

The move followed a pullback in memory-related names after the prior session's rally tied to SK Hynix's record third-quarter results and shareholder return plan, suggesting near-term enthusiasm faded as the initial catalyst was digested.

Recent market updates showed the leveraged DRAM product also declined in the latest session after earlier strength, while SK Hynix fell 3.39% overnight. Earlier, SK Hynix had reported record quarterly revenue of 104.62 trillion won and operating profit of 83.33 trillion won, alongside an approximately 100 trillion won shareholder return program. Management also said DRAM and HBM capacity is nearly sold out through 2029, but the latest price action indicates the earnings-driven boost was largely priced in.

Aries I Acquisition Corporation does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)