CSOP SK Hynix Daily (2x) Leveraged Product (07709) surged 5.01% during intraday trading on Monday, reflecting strong investor interest in leveraged exposure to the memory chip manufacturer.

The rally comes amid a booming global leveraged and inverse single-stock ETF market, which has surpassed $60 billion in total scale. The SK Hynix 2x leveraged ETF is now the world's largest leveraged single-stock product, and capital momentum from South Korea's successful debut of similar products has spilled over into Hong Kong-listed leveraged offerings.

Fundamentally, SK Hynix's position has strengthened as tech giants Alphabet, Microsoft, and Meta compete for long-term supply agreements for its high-bandwidth memory (HBM) chips. The company's dominant market position allows it to demand contracts exceeding five years with minimum price guarantees, demonstrating its strong bargaining power. SK Hynix recently joined the trillion-dollar market capitalization club, further boosting investor confidence in its leveraged products.