On June 26, CSOP 2x Leveraged SK Hynix ETF (07709.HK) fell 9.05% in regular trading, trading at 167.4 HKD/share, with turnover of HKD 1.141 billion.
On the news front, Japanese and Korean equity markets sold off sharply, with the KOSPI Index and Nikkei 225 Index both declining approximately 3%. Memory chip heavyweights Samsung, SK Hynix, and Kioxia saw their share prices collectively plunge, dragging down this leveraged ETF that tracks SK Hynix.
Additionally, SK Hynix recently disclosed plans to raise approximately USD 29.4 billion through an ADR issuance on Nasdaq. Market participants are concerned that such large-scale overseas fundraising could trigger a phase of capital withdrawal from the Korean domestic market. Combined with substantial accumulated gains in SK Hynix shares — which had repeatedly hit record highs — some investors opted to lock in profits, adding further downside pressure to the stock and its associated leveraged products.
(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.)
Comments