Movement Alert|CSOP SK Hynix Daily (2x) Leveraged Product Falls 23.34% in Regular Trading, Korean KOSPI Crash Drags Down Memory Chip Sector

Market Focus
Jul 28

On July 28, CSOP SK Hynix Daily (2x) Leveraged Product fell 23.34% in regular trading, trading at HKD 42.1/share, with turnover of HKD 638 million.

On the news front, the Korean KOSPI index opened down over 5% and subsequently extended losses to over 7%. Memory chip giant SK Hynix plunged more than 10% intraday while Samsung Electronics fell over 8%, delivering a heavy blow to the entire semiconductor sector. As a 2x leveraged long ETF tracking SK Hynix, the product's decline was directly amplified by the sharp drop in its underlying asset. Multiple headwinds have been compounding, including new US tariffs of 10%-12.5% imposed on 60 countries and regions, Korea's Financial Services Commission raising minimum cash margin requirements for single-stock leveraged ETFs from KRW 10 million to KRW 30 million effective July 31, and the Bank of Korea's recent rate hike to 2.75%. Hong Kong-listed memory concept stocks weakened broadly, with CSOP Samsung Electronics 2x Long falling over 20%, while GigaDevice and Montage Technology each dropped more than 7%.

(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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