On July 15, CSOP 2x Leveraged SK Hynix (07709) surged 21.72% in regular trading, trading at 75.56 HKD/share, with turnover of 1.459 billion HKD. The rally came as multiple catalysts converged to lift storage-related stocks across the Hong Kong market.

On the news front, the Korean KOSPI index posted a strong rally on the day, with SK Hynix shares surging significantly in Seoul. This followed a period of extreme volatility after SK Hynix had plunged over 15% on July 13 — its worst single-day loss in history — triggered by post-ADR listing profit-taking and earnings downgrades. The stock had fallen approximately 38% from its June all-time high, leaving it in deeply oversold territory. The technical rebound in the underlying stock was amplified by the ETF's 2x daily leverage mechanism.

Additionally, market sentiment was boosted by the confirmation that ChangXin Technology, a closely watched domestic memory chip leader, has set its IPO subscription date for July 16, further energizing the storage sector. Broader storage names including GigaDevice also advanced on the session.

(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.)