On August 20, CSOP SK Hynix Daily (2x) Leveraged Product rose 5.21% in regular trading, trading at 38.42 HKD/share, with turnover of 1.666 billion HKD.

On the news front, SK Hynix announced on August 19 that it will purchase 40 trillion KRW worth of treasury stock, with the buyback aimed at cancelling shares and enhancing shareholder returns, targeting total shareholder returns exceeding 50% of free cash flow. The buyback officially commenced on August 20 for a period of approximately three months. The massive buyback program provides meaningful support for short-term sentiment recovery, particularly as the leveraged product had previously retreated over 85% from its historical peak, with its scale shrinking from a high of 130 billion HKD to below 28 billion HKD.

Additionally, institutional sentiment remains constructive. J.P. Morgan recently stated that the worst moment has passed for SK Hynix, maintaining a target price implying 94% upside, while large-scale bullish option flows totaling over $25 million in call spreads have been observed in recent sessions, signaling medium-term confidence from institutional participants.

(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.)