The CSOP SK Hynix Daily (2x) Leveraged Product (07709) surged 5.03% during intraday trading on Wednesday, reflecting strong investor sentiment towards the memory chip sector.

The movement follows announcements from SK Hynix, the underlying asset of the leveraged ETF, regarding its strategic plans to double memory chip wafer production capacity over the next five years. SK Group Chairman Chey Tae-won cited expectations that global memory chip supply shortages will persist through 2030, driving the need for expanded production. The company also expressed its ambition to become the primary supplier of High-Bandwidth Memory (HBM) for NVIDIA's Vera Rubin system, building on its current dominant 58% share of the global HBM market.

Analyst sentiment further supports the positive movement, with JPMorgan noting an improved financial outlook for the memory chip sector since March and anticipating that tight supply conditions for HBM, DRAM, and NAND flash will extend well beyond 2026. The broader storage-themed ETF market in Hong Kong also showed positive momentum, contributing to the leveraged product's significant gain.