Stock Track | CSOP SK Hynix Leveraged ETF Plummets 5.05% Intraday as Rally Pauses After AI-Driven Surge

Stock Track

05/08

CSOP SK Hynix Daily (2x) Leveraged Product (07709.HK) saw its price plummet by 5.05% during intraday trading on Friday.

The decline comes after the ETF experienced sharp gains in the previous sessions, having surged over 18% and approximately 7% on consecutive days. These prior rallies were fueled by a global storage chip rally driven by optimism around AI-related demand and record capital expenditure guidance from major technology companies.

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