ETF Movement | South Korean Stock SK Hynix Hits Another Record High, CSOP 2x Long Hynix (07709) Surges Over 8%

Stock News04-21

CSOP 2x Long Hynix (07709) rose more than 8%, reaching an increase of 8.61% to HK$42.38 at the time of writing, with a turnover of HK$1.011 billion. The movement was driven by news that Iran and the United States may hold talks, which boosted Japanese and South Korean stock markets to open higher collectively this morning. The South Korean stock SK Hynix saw gains exceeding 5%, hitting a record high of 1.227 million won. Notably, SK Hynix is scheduled to release its first-quarter financial report on April 23. Prior to this, Samsung Electronics projected its first-quarter revenue to increase 68% year-on-year to 133 trillion won, with operating profit for the quarter reaching 57.2 trillion won, significantly surpassing expectations. It is reported that the CSOP SK Hynix Daily Leveraged (2x) Product is the only listed leveraged exchange-traded product globally that tracks SK Hynix and is listed in Hong Kong. This product aims to provide investors with double the daily return opportunity primarily through a swap-based synthetic replication strategy, capturing the strong growth potential of global memory leader SK Hynix amid the AI wave.

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