On June 25, CSOP 2x Long SK Hynix rose 8.93% in regular trading, trading at HKD 170.55/share, with turnover of HKD 1.316 billion.
The surge was primarily driven by a combination of catalysts for the underlying stock SK Hynix. Overnight, Micron Technology reported fiscal Q3 results that massively beat expectations — adjusted revenue came in at $41.46 billion versus estimates of $35.69 billion, representing a 345.7% year-over-year increase, with operating margin reaching 81.2%. Micron also guided fiscal Q4 revenue of $49–51 billion, far exceeding the $43.24 billion consensus. Micron shares surged over 15% after hours.
Additionally, SK Hynix confirmed plans to list ADRs on Nasdaq starting July 10, pricing at KRW 255,500 per share and seeking to raise up to KRW 45 trillion (approximately $29.4 billion) for domestic fab construction and EUV lithography equipment procurement. Analysts expect the ADR to be included in the Nasdaq 100 index as early as December. On the Korean exchange, SK Hynix climbed 9.88% to KRW 2,835,000 in early trading.
(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.)
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