Southbound CSOP SK hynix Daily Leveraged (2x) Product (07709) Jumps Over 8% Again as SK hynix Posts Strong Earnings and Plans Major Dividend

Stock News10-29 13:50

According to reports, the CSOP SK hynix Daily Leveraged (2x) Product (07709) rose more than 8% again today. As of press time, it was up 7.47% at HK$27.32, with a turnover of HK$4.768 billion.

On the news front, SK hynix recently released strong financial results. The company's third-quarter revenue exceeded 100 trillion won for the first time, with both operating profit and profit margin hitting record highs. Benefiting from the surge in prices of HBM and server memory products driven by AI computing power, the company also disclosed an annual shareholder return plan totaling 100 trillion won.

SK hynix President and CEO Kwak Noh-jung revealed at the earnings conference, "For the next three years through 2029, our DRAM and HBM capacity is actually almost sold out."

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