On July 20, CSOP 2x Leveraged SK Hynix surged 23.39% in regular trading, trading at HKD 53.0 per share, with turnover of HKD 1.051 billion.
On the news front, SK Hynix rebounded over 4% in the US night session after previously falling more than 5%, staging a strong reversal. SanDisk and Micron Technology also rose approximately 3%, with storage concept stocks broadly recovering. The prior week, this leveraged product had plunged nearly 50% due to multiple headwinds including a Bank of Korea rate hike, tightened regulations on single-stock leveraged ETFs by the Korean Financial Services Commission raising margin thresholds and banning new product listings, and the US semiconductor sector entering bear market territory. Following consecutive steep declines that shrank the product's AUM by 60%, the stabilization and rebound of the underlying asset combined with the 2x leverage effect drove a significant recovery in this product.
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