Stock Track | CSOP SK Hynix 2x Leveraged ETF Plummets 15.17% Intraday as Broadcom's AI Revenue Miss Triggers Korean Chip Selloff

Stock Track06-05

CSOP SK Hynix Daily (2x) Leveraged Product (07709) plummeted 15.17% during intraday trading on Friday, reflecting a sharp decline in the leveraged exchange-traded fund.

The dramatic drop was driven by a broad selloff in Korean semiconductor stocks, with underlying holdings SK Hynix and Samsung Electronics falling sharply. This selloff was catalyzed by Broadcom's after-hours results, where the company's AI chip revenue forecast of $16 billion for the third quarter fell short of analysts' average estimate of $17.2 billion, prompting investors to reassess AI infrastructure investment expectations.

As a 2x leveraged product, the ETF amplified the losses of the underlying SK Hynix stock. Market concerns were further compounded by elevated leveraged positioning in Korean equities, with analysts warning that leveraged ETFs could amplify any correction in the AI-concentrated rally that has driven the Korean market higher this year.

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