On October 29, CSOP SK Hynix Daily Max (2x) Leveraged Product rose 5.82% in Regular Trading, trading at 26.8, with turnover of HK$3.667 billion.
The move was linked to continued market digestion of SK Hynix’s stronger-than-expected third-quarter results and its unusually large shareholder return plan, which remained the key catalyst for the underlying stock and related leveraged products.
Recent disclosures showed SK Hynix reported third-quarter revenue of KRW104.62 trillion and operating profit of about KRW83.33 trillion, both record highs and above expectations. The company also announced an approximately KRW100 trillion shareholder return program, including at least KRW30 trillion in cash dividends and at least KRW60 trillion in share repurchases and cancellations. A major broker said the earnings beat and return plan could shift investor sentiment from bearish to positive.
The product seeks to deliver, before fees and expenses, investment results that closely correspond to twice the daily performance of SK Hynix Inc. common stock listed on the Korea Exchange, and does not seek to achieve its stated objective over any period longer than one day.
(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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