The CSOP SK Hynix Daily (2x) Leveraged Product (07709) experienced a significant intraday surge, soaring 12.20% on Tuesday.
The dramatic rise is directly tied to a strong rally in its underlying asset, SK Hynix stock. According to market reports, SK Hynix led South Korean semiconductor stocks higher, with its share price climbing 5.8%, reversing selling pressure from the previous session. As a daily 2x leveraged product, it is designed to deliver twice the daily return of SK Hynix, which explains the amplified gain.